Senior Secured Notes principal amortization
Company: Core Scientific
The claim, verbatim
Principal amount will amortize at 11.50% per annum on a semi-annual basis
Source (primary)
Core Scientific 8-K filed 2026-05-06 (SEC EDGAR, sec_filing)
View cached copy (2026-08-31)Live source ↗
Quote: “The principal amount of the Notes will amortize on a semi-annual basis on May 15 and November 15 of each year in an initial amount equal to 11.50% per annum of the principal amount of the Notes outstanding on the issue date”
How we checked this
Checked on September 15, 2026. The cited source supports every part of this claim.
The filing states that principal amortizes semi-annually at an initial 11.50% per annum. It also notes that this rate may be adjusted or deferred in certain circumstances.
Confirmed in the source:
- The principal amount of the Notes amortizes on a semi-annual basis
- Amortization is 11.50% per annum of the principal outstanding on the issue date
What we did: Read our cached copy of SEC EDGAR (https://www.sec.gov/Archives/edgar/data/1839341/000119312526208905/d47435d8k.htm) in full (16,466 characters, retrieved August 31, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Core Scientific 8-K filed 2026-05-06
Quote: “The principal amount of the Notes will amortize on a semi-annual basis on May 15 and November 15 of each year in an initial amount equal to 11.50% per annum of the principal amount of the Notes outstanding on the issue date”