Exit Facility cashless credit facility
Company: Core Scientific
The claim, verbatim
Cashless credit facility with $40 million in term loans to be incurred on 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 'cashless' credit facility, pursuant to which the reorganized Issuer shall be deemed to incur, on the Closing Date, term loans in an aggregate principal amount equal to $40 million”
How we checked this
Checked on September 18, 2026. The cited source supports every part of this claim.
The filing states that the reorganized company is deemed to incur $40 million of term loans under a cashless facility on the Closing Date, reflecting convertible notes claims that become Exit Facility obligations.
Confirmed in the source:
- The Exit Facility includes a cashless credit facility
- The reorganized Issuer is deemed to incur $40 million in term loans under it on 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 'cashless' credit facility, pursuant to which the reorganized Issuer shall be deemed to incur, on the Closing Date, term loans in an aggregate principal amount equal to $40 million”