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
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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”