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Term loan increase via credit agreement amendment

Company: Core Scientific

Subject kind
financing
Statement date
2026-03-22
Promised amount
1000.0 million USD
Current status
stated

The claim, verbatim

Entered Amendment No. 1 to Delayed-Draw Bridge Credit Agreement with Morgan Stanley Senior Funding, Inc. and JPMorgan Chase Bank, N.A., increasing term loan commitments by $500.0 million to $1.0 billion total, with full incremental commitment borrowed on March 18, 2026

Source (primary)

Core Scientific 8-K filed 2026-03-23 (SEC EDGAR, sec_filing)
View cached copy (2026-08-31)Live source ↗

Quote: “to increase the term loan commitments thereunder by $500.0 million, to $1.0 billion total, pursuant to the accordion feature of the Initial Credit Agreement. The Company borrowed the full $500.0 incremental commitment on the Closing Date.”

How we checked this

Attempted on September 15, 2026. We could not read enough of the cited source to check this claim.

The verification run did not return a result for this claim (claude -p exit 1: b'').

What we did: Read our cached copy of SEC EDGAR (https://www.sec.gov/Archives/edgar/data/1839341/000162828026020327/core-20260318.htm) in full (5,002 characters, retrieved August 31, 2026) and checked each assertion in the claim against it.

Additional evidence

confirms Core Scientific 8-K filed 2026-03-23

Quote: “to increase the term loan commitments thereunder by $500.0 million, to $1.0 billion total, pursuant to the accordion feature of the Initial Credit Agreement. The Company borrowed the full $500.0 incremental commitment on the Closing Date.”

View cached copy (2026-08-31)Live source ↗