{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-23-058334","form_type":"8-K","ticker":"CORZ","cik":"0001839341","company_name":"Core Scientific, Inc./tx","filed_at":"2023-03-02T23:59:59+00:00","discovered_at":"2026-05-14T18:03:47.024922+00:00","generated_at":"2026-06-18T16:05:43.004473+00:00","sec_items":["1.01","2.03","9.01"],"event_type":"debt","sentiment":"negative","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"Core Scientific enters $70M DIP credit agreement with B. Riley in Chapter 11 case","bullets":["$70M senior secured super-priority replacement DIP facility; $35M funded Feb 3, 2023, $35M after final order.","Interest at 10% payable in kind; maturity Dec 22, 2023, extendable to Mar 22, 2024.","Facility replaces original DIP credit agreement; interim order Feb 2, 2023; final order expected by Mar 4, 2023.","Restructuring Support Agreement terminated on Feb 9, 2023.","Administrative agent: B. Riley Commercial Capital; lenders include B. Riley."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-23-058334","json":"https://secwatch.observer/filing/0001193125-23-058334.json","markdown":"https://secwatch.observer/filing/0001193125-23-058334.md","text":"https://secwatch.observer/filing/0001193125-23-058334.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1839341/000119312523058334/0001193125-23-058334-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1839341/000119312523058334/d411824d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-18T16:05:43.004473+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":"91fd69226a261dc0998ad27282a5d19794a464d3","claim":"Core Scientific, Inc./tx incurred credit facility of an aggregate principal amount not to exceed $70 million with B. Riley Commercial Capital, LLC at 10% which will be payable in kind maturing December 22, 2023.","evidence_excerpt":"The Replacement DIP Facility, among other things, provides for a non-amortizing super-priority senior secured term loan facility in an aggregate principal amount not to exceed $70 million.","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1839341/000119312523058334/0001193125-23-058334-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"credit facility"},{"label":"Principal","value":"an aggregate principal amount not to exceed $70 million"},{"label":"Counterparty","value":"B. Riley Commercial Capital, LLC"},{"label":"Rate","value":"10% which will be payable in kind"},{"label":"Maturity","value":"December 22, 2023"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"53f9d396c7305385b71855edfdee1bb80f695f91","claim":"Core Scientific, Inc./tx entered into Senior Secured Super-Priority Replacement Debtor-in-Possession Loan and Security Agreement with B. Riley Commercial Capital, LLC valued at not to exceed $70 million (effective 2023-02-27).","evidence_excerpt":"On February 27, 2023, the Debtors entered into a Senior Secured Super-Priority Replacement Debtor-in-Possession Loan and Security Agreement governing the Replacement DIP Facility (the “Replacement DIP Credit Agreement”), with B. Riley Commercial Capital, LLC, as administrative agent (the “Administrative Agent”), and the lenders from time to time party thereto (collectively, the “Replacement DIP Lenders”).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1839341/000119312523058334/0001193125-23-058334-index.htm","confidence":0.95,"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":"not to exceed $70 million"},{"label":"Effective","value":"2023-02-27"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}