Miner Equipment Lender Facility - 80% of allowed claims
Company: Core Scientific
The claim, verbatim
Entered into New Miner Equipment Lender Agreements with principal amount equal to 80% of each Allowed Miner Equipment Lender Claim, maturing January 23, 2029, with interest rates ranging from 13%, 12%, or 8% for first two years, then 10% thereafter
Source (primary)
Core Scientific 8-K/A filed 2024-01-25 (SEC EDGAR, sec_filing)
View cached copy (2026-08-31)Live source ↗
Quote: “in each case, in the principal amount of eighty percent (80%) of each applicable Holders' Allowed Miner Equipment Lender Claim as of the Effective Date (the " Miner Equipment Lender Facility "). The maturity date on the Miner Equipment Lender Facility is January 23, 2029. Loans issued under the Miner Equipment Lender Facility shall accrue interest (1) from the Effective Date to and including the second anniversary of the Effective Date, (x) if the Company does not deliver an Election Notice (as defined below), at a rate of 13.0% per annum and shall be payable 3.0% in cash interest and 10.0% paid-in-kind”
How we checked this
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Additional evidence
confirms Core Scientific 8-K/A filed 2024-01-25
Quote: “in each case, in the principal amount of eighty percent (80%) of each applicable Holders' Allowed Miner Equipment Lender Claim as of the Effective Date (the " Miner Equipment Lender Facility "). The maturity date on the Miner Equipment Lender Facility is January 23, 2029. Loans issued under the Miner Equipment Lender Facility shall accrue interest (1) from the Effective Date to and including the second anniversary of the Effective Date, (x) if the Company does not deliver an Election Notice (as defined below), at a rate of 13.0% per annum and shall be payable 3.0% in cash interest and 10.0% paid-in-kind”