---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-182498"
form_type: "8-K"
ticker: "CORZ"
cik: "0001839341"
company_name: "Core Scientific, Inc./tx"
filed_at: "2023-07-06T23:59:59+00:00"
generated_at: "2026-06-13T12:09:02.730859+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Core Scientific amends DIP credit agreement; reduces Excess Cash threshold, triggering $5M mandatory prepayment

## Summary
- First Amendment to DIP Credit Agreement dated July 4, 2023; reduces Excess Cash threshold to $40M plus $5M less prepetition claim payments.
- Anticipates $5.0M mandatory prepayment on or before July 10, 2023 due to threshold reduction.
- Amendment permits transfers or payments related to settlements of certain third-party claims.
- Obligors represent due authorization, no contravention of laws or Final DIP Order.

## SEC filing metadata
- accession: 0001193125-23-182498
- form_type: 8-K
- ticker: CORZ
- cik: 0001839341
- company_name: Core Scientific, Inc./tx
- filed_at: 2023-07-06T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1839341/000119312523182498/0001193125-23-182498-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1839341/000119312523182498/d530352d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-182498
- JSON: https://secwatch.observer/filing/0001193125-23-182498.json
- Plain text: https://secwatch.observer/filing/0001193125-23-182498.txt

## Key facts
- Material Agreements
  Core Scientific, Inc./tx amended First Amendment to the Replacement DIP Credit Agreement with B. Riley Commercial Capital, LLC, as administrative agent, and the Replacement DIP Lenders (effective 2023-07-04).
  - Action: amendment
  - Agreement: credit facility
  - Counterparty: B. Riley Commercial Capital, LLC, as administrative agent, and the Replacement DIP Lenders
  - Effective: 2023-07-04
  source text: On July 4, 2023, the Debtors, the Administrative Agent and the Replacement DIP Lenders entered into a First Amendment to the Replacement DIP Credit Agreement (the “First Amendment”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1839341/000119312523182498/0001193125-23-182498-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.