Core Scientific Announces Proposed Offering of $3.3 Billion of Senior Secured Notes
Core Scientific proposed a $3.3 billion private offering of senior secured notes due 2031 through a wholly-owned subsidiary, subject to market conditions. The issuer intends to use the net proceeds to fund a debt service reserve account, with the remaining proceeds distributed to Core Scientific to repay its outstanding delayed draw term loans.
Key figures
- Deal Value Usd
- $3.3 billion
AI analysis
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