Exit Credit Facility
Company: Core Scientific
The claim, verbatim
$80 million first-lien credit facility consisting of $40 million term loan and $40 million roll-up of existing convertible notes, bearing interest at 9.0% per annum payable quarterly, maturing January 23, 2027
Source (primary)
Core Scientific 8-K filed 2024-01-23 (SEC EDGAR, sec_filing)
View cached copy (2026-08-31)Live source ↗
Quote: “the Company entered into a credit and guaranty agreement, dated as of January 23, 2024... consisting of an $80 million first-lien credit facility... equal to (i) a $40 million term loan... and (ii) a $40 million roll-up of the outstanding balance of the April Convertible Notes and August Convertible Notes... From the Effective Date, cash borrowings under the Exit Facility bear interest at 9.0% per annum... The Exit Facility will mature on January 23, 2027”
How we checked this
Checked on September 18, 2026. The cited source supports every part of this claim.
The filing describes the Exit Facility with exactly these amounts, components, the 9.0% rate payable each fiscal quarter, and the January 23, 2027 maturity.
Confirmed in the source:
- $80 million first-lien credit facility
- consists of a $40 million term loan and a $40 million roll-up of the April and August Convertible Notes
- interest at 9.0% per annum, payable on the first business day of each fiscal quarter
- matures January 23, 2027
What we did: Read our cached copy of SEC EDGAR (https://www.sec.gov/Archives/edgar/data/1839341/000119312524013078/d661343d8k.htm) in full (63,484 characters, retrieved August 31, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Core Scientific 8-K filed 2024-01-23
Quote: “the Company entered into a credit and guaranty agreement, dated as of January 23, 2024... consisting of an $80 million first-lien credit facility... equal to (i) a $40 million term loan... and (ii) a $40 million roll-up of the outstanding balance of the April Convertible Notes and August Convertible Notes... From the Effective Date, cash borrowings under the Exit Facility bear interest at 9.0% per annum... The Exit Facility will mature on January 23, 2027”