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Restructuring agreement with secured noteholders and equity committee

Company: Core Scientific

Subject kind
financing
Statement date
2023-11-14
Current status
stated

The claim, verbatim

Reached agreement in principle with ad hoc group of secured convertible notes holders and equity committee regarding terms of chapter 11 plan of reorganization

Source (primary)

Core Scientific 8-K filed 2023-11-15 (SEC EDGAR, sec_filing)
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Quote: “on October 30, 2023, the Debtors reached an agreement in principle (the "Restructuring Term Sheet") with the ad hoc group of the Debtors' secured convertible notes holders (the "Ad Hoc Noteholder Group") and the official committee of equity security holders in the Chapter 11 Cases (the "Equity Committee") regarding the terms of a chapter 11 plan of reorganization”

How we checked this

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Additional evidence

confirms Core Scientific 8-K filed 2023-11-15

Quote: “on October 30, 2023, the Debtors reached an agreement in principle (the "Restructuring Term Sheet") with the ad hoc group of the Debtors' secured convertible notes holders (the "Ad Hoc Noteholder Group") and the official committee of equity security holders in the Chapter 11 Cases (the "Equity Committee") regarding the terms of a chapter 11 plan of reorganization”

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