Exit Facility new money component
Company: Core Scientific
The claim, verbatim
Senior secured, first-lien term loan credit facility with $20 million available on Closing Date and $20 million available after Closing Date
Source (primary)
Core Scientific SC 13D/A filed 2023-11-28 (SEC EDGAR, sec_filing)
View cached copy (2026-08-31)Live source ↗
Quote: “a 'new money' credit facility, pursuant to which term loans in an aggregate principal amount equal to (i) $20 million that shall be made available on the Closing Date, and (ii) $20 million that shall be made available from time to time after the Closing Date”
How we checked this
Checked on September 18, 2026. The cited source supports every part of this claim.
The filing describes the Exit Facility as a senior secured, first-lien term loan facility whose new money portion makes $20 million available on the Closing Date and $20 million afterward, subject to conditions precedent.
Confirmed in the source:
- The Exit Facility is a senior secured, first-lien term loan credit facility
- Its new money component provides $20 million in term loans available on the Closing Date
- Its new money component provides a further $20 million available from time to time after the Closing Date
What we did: Read our cached copy of SEC EDGAR (https://www.sec.gov/Archives/edgar/data/1839341/000119312523284363/d608462dsc13da.htm) in full (30,736 characters, retrieved August 31, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Core Scientific SC 13D/A filed 2023-11-28
Quote: “a 'new money' credit facility, pursuant to which term loans in an aggregate principal amount equal to (i) $20 million that shall be made available on the Closing Date, and (ii) $20 million that shall be made available from time to time after the Closing Date”