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Core Scientific prices USD 3.3 billion senior secured notes due 2031 at 7.75%

PUBT·04/23/2026 00:30:17
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Core Scientific prices USD 3.3 billion senior secured notes due 2031 at 7.75%
  • Core Scientific priced USD 3.3 billion of 7.75% senior secured notes due 2031 at 99.25% of face value.
  • Offering expected to close May 6, 2026.
  • Net proceeds earmarked for debt service reserve account, with remaining funds distributed to Core Scientific.
  • Core Scientific plans to use part of proceeds to repay outstanding delayed draw term loans under its 364-day credit facility.
  • Notes will be guaranteed by select subsidiaries, secured by first-priority liens on substantially all issuer and guarantor assets.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Core Scientific Inc. published the original content used to generate this news brief via Business Wire (Ref. ID: 20260422973205) on April 23, 2026, and is solely responsible for the information contained therein.