Miner Equipment Lender Facility
Company: Core Scientific
The claim, verbatim
Entered into Miner Equipment Lender Agreements for 80% of each Holder's Allowed Miner Equipment Lender Claim with equipment priority collateral up to $18.2 million, bearing interest at 13.0% per annum (or 12.0% or 8.0% with Election Notice) for first two years, then 10.0% per annum thereafter, maturing January 23, 2029
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 separate New Miner Equipment Lender Agreements (Election 2)... in the principal amount of eighty percent (80%) of each applicable Holders' Allowed Miner Equipment Lender Claim... 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... at a rate of 13.0% per annum... and (2) following the second anniversary of the Effective Date, at a rate of 10.0% per annum, payable in cash”
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 separate New Miner Equipment Lender Agreements (Election 2)... in the principal amount of eighty percent (80%) of each applicable Holders' Allowed Miner Equipment Lender Claim... 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... at a rate of 13.0% per annum... and (2) following the second anniversary of the Effective Date, at a rate of 10.0% per annum, payable in cash”