Latest Current Report
Filed: 2026-03-06
Key Insights
- Core Scientific, Inc. has entered into a $500 million senior secured loan facility, which can be increased by an additional $500 million through an accordion feature. The proceeds will be used for general corporate purposes related to data center development.
- The loan facility matures in 364 days and bears interest at a rate equal to term SOFR plus an applicable margin of 2.50% per annum.
- The company's obligations under the loan facility are guaranteed by its wholly-owned material domestic subsidiaries and secured by a first-priority lien on substantially all of its assets.