{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-23-027060","form_type":"8-K","ticker":"CORZ","cik":"0001839341","company_name":"Core Scientific, Inc./tx","filed_at":"2023-02-07T23:59:59+00:00","discovered_at":"2026-05-14T18:03:47.024136+00:00","generated_at":"2026-06-19T23:07:08.010942+00:00","sec_items":["1.01","2.03","7.01","9.01"],"event_type":"debt","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Core Scientific enters up to $70M DIP facility from B. Riley; files Dec monthly reports in bankruptcy","bullets":["Commitment Letter for up to $70M super-priority senior secured DIP term loan from B. Riley Commercial Capital.","$35M available after interim order; 10% PIK interest; 3.5% commitment fee; 5% exit fee.","Existing $57.3M DIP facility (with $37.5M drawn) refinanced; maturity Dec 21, 2023, extendable to Mar 21, 2024.","Dec 2022 MOR: parent debtor cash $35.7M, total assets $2.29B, liabilities $694M, net profit $92K (unaudited).","Unsecured creditors committee appointed Jan 9; Debtors operate as debtors-in-possession."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-23-027060","json":"https://secwatch.observer/filing/0001193125-23-027060.json","markdown":"https://secwatch.observer/filing/0001193125-23-027060.md","text":"https://secwatch.observer/filing/0001193125-23-027060.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1839341/000119312523027060/0001193125-23-027060-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1839341/000119312523027060/d459491d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-19T23:07:08.010942+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"f52f6322cc569f2afe97ddd695f394a641cf039e","claim":"Core Scientific, Inc./tx entered into Commitment Letter with B. Riley Commercial Capital, LLC valued at aggregate principal amount not to exceed $70 million (effective 2023-01-29).","evidence_excerpt":"Capitalized terms used but not defined herein have the meanings ascribed to them in that certain Commitment Letter (the “Commitment Letter”) dated as of January 29, 2023, by and between B. Riley Commercial Capital, LLC (the “Replacement DIP Lender”) and the Company.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1839341/000119312523027060/0001193125-23-027060-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"B. Riley Commercial Capital, LLC"},{"label":"Value","value":"aggregate principal amount not to exceed $70 million"},{"label":"Effective","value":"2023-01-29"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}