Exit Facility new money component
Company: Core Scientific
The claim, verbatim
The restructuring contemplates a senior secured, first-lien term loan credit facility with $20 million in new money available on the Closing Date and $20 million available thereafter.
Source (primary)
Core Scientific SC 13D filed 2023-11-27 (SEC EDGAR, sec_filing)
View cached copy (2026-08-31)Live source ↗
Quote: “A senior secured, first-lien term loan credit facility (the "Exit Facility") comprising (a) 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's new-money component as $20 million at closing and $20 million afterward, subject to conditions precedent.
Confirmed in the source:
- The restructuring contemplates a senior secured, first-lien term loan credit facility (the Exit Facility)
- The Exit Facility includes new-money term loans of $20 million available on the Closing Date
- The Exit Facility includes 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/1839341/000119312523283366/d75665dsc13d.htm) in full (30,890 characters, retrieved August 31, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Core Scientific SC 13D filed 2023-11-27
Quote: “A senior secured, first-lien term loan credit facility (the "Exit Facility") comprising (a) 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”