Replacement DIP facility with B. Riley Commercial Capital
Company: Core Scientific
The claim, verbatim
Entered into Senior Secured Super-Priority Replacement Debtor-in-Possession Loan and Security Agreement with B. Riley Commercial Capital providing up to $70 million non-amortizing term loan facility at 10% interest, with $35 million available after interim court approval (February 2, 2023) and $35 million available after final approval (March 1, 2023)
Source (primary)
Core Scientific 10-K filed 2023-04-04 (SEC EDGAR, sec_filing)
View cached copy (2026-09-13)Live source ↗
Quote: “On February 27, 2023, the Debtors entered into a Senior Secured Super-Priority Replacement Debtor-in-Possession Loan and Security Agreement governing the Replacement DIP Facility (the "Replacement DIP Credit Agreement"), with B. Riley Commercial Capital, LLC, as administrative agent... The Replacement DIP Facility, among other things, provides for a non-amortizing super-priority senior secured term loan facility in an aggregate principal amount not to exceed $70 million”
How we checked this
Checked on September 21, 2026. The cited source supports every part of this claim.
The document confirms the counterparty, $70M cap, 10% rate, and the two $35M tranches tied to the interim (Feb 2, 2023) and final (March 1, 2023) orders.
Confirmed in the source:
- The Replacement DIP Credit Agreement was entered with B. Riley Commercial Capital, LLC
- The facility provides a non-amortizing term loan up to $70 million
- Loans bear interest at 10%
- $35 million was made available after Interim DIP Order approval (February 2, 2023)
- $35 million was made available after Final DIP Order approval (March 1, 2023)
What we did: Read our cached copy of SEC EDGAR (https://www.sec.gov/Archives/edgar/data/1839341/000162828023010454/core-20221231.htm) in full (860,799 characters, retrieved September 13, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Core Scientific 10-K filed 2023-04-04
Quote: “On February 27, 2023, the Debtors entered into a Senior Secured Super-Priority Replacement Debtor-in-Possession Loan and Security Agreement governing the Replacement DIP Facility (the "Replacement DIP Credit Agreement"), with B. Riley Commercial Capital, LLC, as administrative agent... The Replacement DIP Facility, among other things, provides for a non-amortizing super-priority senior secured term loan facility in an aggregate principal amount not to exceed $70 million”