Release of $300 million restricted cash
Company: Core Scientific
The claim, verbatim
Credit facilities expected to release approximately $300 million of restricted cash, improving capital efficiency and financial flexibility
Source (primary)
Core Scientific Secures $600 Million of Senior Secured Credit Facilities - Core Scientific (-, news_article)
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Quote: “The facilities are expected to release approximately $300 million of restricted cash, meaningfully improving our capital efficiency and financial flexibility”
How we checked this
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Additional evidence
confirms Core Scientific Secures $600 Million of Senior Secured Credit Facilities - Core Scientific
Quote: “The facilities are expected to release approximately $300 million of restricted cash, meaningfully improving our capital efficiency and financial flexibility”