Core Scientific proposes $3.3B senior secured notes due 2031 to repay bridge loans

Core Scientific, Inc./tx

Offering of $3.3B aggregate principal amount of senior secured notes due 2031 by subsidiary Core Scientific Finance I LLC.
Net proceeds to repay outstanding delayed draw term loans under March 2026 credit facility; remainder distributed to parent.
Notes guaranteed by five project subsidiaries and secured by first-priority liens on assets and equity interests.
Restructuring transfers data center assets to project subsidiaries; projects licensed to CoreWeave expected to generate ~$10B revenue.
Projects target ~590 MW critical IT capacity; ~$4.4B of $5.5B estimated capex already contributed.

item 7.01 item 9.01

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accession 0001193125-26-165121

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