Exit Facility credit facility
Company: Core Scientific
The claim, verbatim
Senior secured, first-lien term loan credit facility of $80 million total, comprising $20 million new money on Closing Date, $20 million new money thereafter, and $40 million cashless facility
Source (primary)
Core Scientific 8-K filed 2023-11-22 (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...and (b) a 'cashless' credit facility, pursuant to which the reorganized Company shall be deemed to incur, on the Closing Date, term loans in an aggregate principal amount equal to $40 million”
How we checked this
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Additional evidence
confirms Core Scientific 8-K filed 2023-11-22
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...and (b) a 'cashless' credit facility, pursuant to which the reorganized Company shall be deemed to incur, on the Closing Date, term loans in an aggregate principal amount equal to $40 million”