$600M senior secured credit agreement with JPMorgan Chase, Morgan Stanley, Goldman Sachs, and TD Securities
Company: Core Scientific
The claim, verbatim
Core Scientific entered into a senior secured credit agreement with JPMorgan Chase, Morgan Stanley, Goldman Sachs, and TD Securities, providing a $100 million revolving credit facility and $500 million letter-of-credit facility, guaranteed by key domestic subsidiaries and secured by first-priority liens on substantially all assets, with quarterly liquidity requirements of at least $150 million and minimum market capitalization of $3 billion before each revolving draw.
Source (primary)
Core Scientific Secures New $600 Million Credit Facilities - The Globe and Mail (-, news_article)
View cached copy (2026-09-02)Live source ↗Archive.org ↗
Quote: “On August 25, 2026, Core Scientific Inc. entered into a senior secured credit agreement establishing a $100 million revolving credit facility and a $500 million letter-of-credit facility with a syndicate led by JPMorgan Chase, Morgan Stanley, Goldman Sachs and TD Securities. The facilities, which were announced on August 27, 2026, are guaranteed by key domestic subsidiaries, secured by first-priority liens on substantially all assets and come with liquidity and market-capitalization tests alongside customary covenants on leverage, dividends and corporate transactions.”
How we checked this
Checked on September 17, 2026. The cited source supports every part of this claim.
The document describes the credit agreement with these banks, both facility amounts, the subsidiary guarantees and first-priority liens. It also states the $150 million quarterly liquidity and $3 billion market-cap requirements before each revolving draw.
Confirmed in the source:
- Core Scientific entered into a senior secured credit agreement
- The lenders included JPMorgan Chase, Morgan Stanley, Goldman Sachs and TD Securities
- The agreement provides a $100 million revolving credit facility
- The agreement provides a $500 million letter-of-credit facility
- The facilities are guaranteed by key domestic subsidiaries
- The facilities are secured by first-priority liens on substantially all assets
- The agreement requires quarterly liquidity of at least $150 million
- The agreement requires a minimum market capitalization of $3 billion before each revolving draw
What we did: Read our cached copy of the publisher (https://www.theglobeandmail.com/investing/markets/stocks/CORZ/pressreleases/4308031/core-scientific-secures-new-600-million-credit-facilities/) in full (7,803 characters, retrieved September 2, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Core Scientific Secures New $600 Million Credit Facilities - The Globe and Mail
Quote: “On August 25, 2026, Core Scientific Inc. entered into a senior secured credit agreement establishing a $100 million revolving credit facility and a $500 million letter-of-credit facility with a syndicate led by JPMorgan Chase, Morgan Stanley, Goldman Sachs and TD Securities. The facilities, which were announced on August 27, 2026, are guaranteed by key domestic subsidiaries, secured by first-priority liens on substantially all assets and come with liquidity and market-capitalization tests alongside customary covenants on leverage, dividends and corporate transactions.”