Exit Credit Facility - $80M aggregate
Company: Core Scientific
The claim, verbatim
Entered into Exit Credit Agreement consisting of $80 million first-lien credit facility comprising $40 million term loan and $40 million roll-up of existing convertible notes, bearing 9.0% annual interest, maturing January 23, 2027
Source (primary)
Core Scientific 8-K/A filed 2024-01-25 (SEC EDGAR, sec_filing)
View cached copy (2026-08-31)Live source ↗
Quote: “consisting of an $80 million first-lien credit facility with certain holders of the Company's April Convertible Notes and August Convertible Notes (in such capacity, the " Exit Lenders ") equal to (i) a $40 million term loan comprised of (x) a $20 million initial term loan and (y) a $20 million delayed-draw term loan and (ii) a $40 million roll-up of the outstanding balance of the April Convertible Notes and August Convertible Notes (the " Exit Facility "). The Exit Facility will mature on January 23, 2027. From the Effective Date, cash borrowings under the Exit Facility bear interest at 9.0% per annum”
How we checked this
Checked on September 18, 2026. The cited source supports every part of this claim.
The filing states the $80 million first-lien facility, its $40 million term loan and $40 million convertible-note roll-up, the 9.0% interest rate and the January 23, 2027 maturity.
Confirmed in the source:
- Core Scientific entered into an Exit Credit Agreement
- The facility is an $80 million first-lien credit facility
- It includes a $40 million term loan
- It includes a $40 million roll-up of the outstanding April and August Convertible Notes
- Cash borrowings bear interest at 9.0% per annum
- The facility matures on January 23, 2027
What we did: Read our cached copy of SEC EDGAR (https://www.sec.gov/Archives/edgar/data/1839341/000119312524014941/d735123d8ka.htm) in full (67,867 characters, retrieved August 31, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Core Scientific 8-K/A filed 2024-01-25
Quote: “consisting of an $80 million first-lien credit facility with certain holders of the Company's April Convertible Notes and August Convertible Notes (in such capacity, the " Exit Lenders ") equal to (i) a $40 million term loan comprised of (x) a $20 million initial term loan and (y) a $20 million delayed-draw term loan and (ii) a $40 million roll-up of the outstanding balance of the April Convertible Notes and August Convertible Notes (the " Exit Facility "). The Exit Facility will mature on January 23, 2027. From the Effective Date, cash borrowings under the Exit Facility bear interest at 9.0% per annum”