Core Scientific Plans to Issue $3.3 Billion Private Debt to Repay Loans

Bitcoin mining company Core Scientific disclosed that its wholly-owned subsidiary, Core Scientific Finance, intends to privately issue $3.3 billion in senior secured notes due in 2031 to qualified institutional buyers. The company stated that a portion of the net proceeds will be used to fully repay a delayed draw term loan under a previous 364-day credit facility, including accrued interest and related fees. The notes will be fully guaranteed by five subsidiaries of Core Scientific, secured by a first-priority lien on the majority of the assets of the relevant subsidiaries.

BTC0.52%
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin