Replacement DIP facility
Company: Core Scientific
The claim, verbatim
Entered into Senior Secured Super-Priority Replacement Debtor-in-Possession Loan agreement on February 27, 2023 for $70 million aggregate principal, bearing 10% interest payable in kind monthly, maturing December 22, 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... 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... The maturity date of the Replacement DIP Credit Agreement is December 22, 2023”
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: “On February 27, 2023, the Debtors entered into a Senior Secured Super-Priority Replacement Debtor-in-Possession Loan and Security Agreement... 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... The maturity date of the Replacement DIP Credit Agreement is December 22, 2023”