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
This claim has not yet been checked assertion-by-assertion against its source. It carries a cited source and quote, but the deeper check has not run. When it does, the result appears here whatever it says.
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”