debt
confidence high
sentiment neutral
materiality 0.85
Core Scientific subsidiary prices $3.3B of 7.750% senior secured notes due 2031
Core Scientific, Inc./tx
- Issuer Core Scientific Finance I LLC priced $3.3B notes at 99.250% of par; net proceeds ~$3.24B.
- Notes mature May 15, 2031; interest 7.750% paid semi-annually; secured by issuer assets and equity.
- Proceeds used to fund debt service reserve and distribute to parent; part repays $1.0B bridge facility.
- Core Scientific provides completion guarantee for datacenter projects in GA, TX, NC, OK.
- Notes guaranteed by five project subsidiaries; offering closed May 6, 2026 under Rule 144A/Reg S.