secwatch.observer — SEC 8-K summary
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Issuer:     Core Scientific, Inc./tx (CORZ)
CIK:        0001839341
Form:       8-K
Filed at:   2023-03-02T23:59:59+00:00
Accession:  0001193125-23-058334
Event type: debt
Sentiment:  negative
Materiality: 0.80
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Core Scientific enters $70M DIP credit agreement with B. Riley in Chapter 11 case
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- $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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1839341/000119312523058334/0001193125-23-058334-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1839341/000119312523058334/d411824d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-058334

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer