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Replacement DIP Facility with B. Riley Commercial Capital

Company: Core Scientific

This claim was marked delayed on September 14, 2026. Recorded automatically from the cited source when it was published, then queued for evidence review.

How this was decided: Automated extraction from the cited source. The claim is preserved below exactly as it was originally published, so the record shows what was asserted as well as what became of it.

Subject kind
financing
Statement date
2023-04-03
Promised by
2023-12-22
Promised amount
70000000.0 USD
Current status
delayed

The claim, verbatim

Non-amortizing super-priority senior secured DIP facility of up to $70 million at 10% interest paid in kind, with 3.5% upfront administrative agent fee and 5% exit premium on repayment; maturity December 22, 2023 (extendable to March 22, 2024)

Source (primary)

Core Scientific 10-K filed 2023-04-04 (SEC EDGAR, sec_filing)
View cached copy (2026-09-13)Live source ↗

Quote: “provides for a non-amortizing super-priority senior secured term loan facility in an aggregate principal amount not to exceed $70 million. Loans under the Replacement DIP Facility will bear interest at a rate of 10%, which will be payable in kind in arrears on the first day of each calendar month. The Administrative Agent received an upfront payment equal to 3.5% of the aggregate commitments... the Replacement DIP Lender will receive an exit premium equal to 5%... The maturity date of the Replacement DIP Credit Agreement is December 22, 2023, which can be extended, under certain conditions, by an additional three months to March 22, 2024”

How we checked this

This claim has not yet been checked assertion-by-assertion against its source. It carries a cited source and quote, but the deeper check has not run. When it does, the result appears here whatever it says.

Additional evidence

confirms Core Scientific 10-K filed 2023-04-04

Quote: “provides for a non-amortizing super-priority senior secured term loan facility in an aggregate principal amount not to exceed $70 million. Loans under the Replacement DIP Facility will bear interest at a rate of 10%, which will be payable in kind in arrears on the first day of each calendar month. The Administrative Agent received an upfront payment equal to 3.5% of the aggregate commitments... the Replacement DIP Lender will receive an exit premium equal to 5%... The maturity date of the Replacement DIP Credit Agreement is December 22, 2023, which can be extended, under certain conditions, by an additional three months to March 22, 2024”

View cached copy (2026-09-13)Live source ↗

Record of changes

September 13, 2026 — stated
Automated extraction from the cited source. Recorded automatically from the cited source when it was published, then queued for evidence review.
September 14, 2026 — delayed
Automated extraction from the cited source. Recorded automatically from the cited source when it was published, then queued for evidence review.