Core Scientific secures USD 600 million senior secured credit facilities from Morgan Stanley, JPMorgan, Goldman Sachs, TD Securities
CORZ•Core Scientific secures new credit facilities
Core Scientific entered USD 600 million of committed senior secured credit facilities, including a USD 100 million revolving credit facility.
The package also includes a USD 500 million letter of credit facility to support utility-related project obligations.
The facilities are expected to release about USD 300 million of restricted cash, boosting liquidity and financial flexibility.
The revolver matures in three years, priced at adjusted SOFR + 1.75% or base rate + 0.75%.
Morgan Stanley led the financing; JPMorgan serves as administrative agent; commitments are expected to be split equally among four banks.
