Core Scientific, Inc./tx (CORZ): debt financing — 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.

item 1.01 item 1.02 item 2.03 item 8.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

Core Scientific, Inc./tx incurred senior notes of $3.3 billion with Wilmington Savings Fund Society, FSB at 7.750% maturing May 15, 2031.

Instrument: senior notes
Principal: $3.3 billion
Counterparty: Wilmington Savings Fund Society, FSB
Rate: 7.750%
Maturity: May 15, 2031
Event: incurrence

Exact text from the filing

On May 6, 2026, Core Scientific Finance I LLC (the “Issuer”), a wholly-owned indirect subsidiary of Core Scientific, Inc. (“Core Scientific”), completed its previously announced private offering (the “Offering”) of $3.3 billion aggregate principal amount of its 7.750% Senior Secured Notes due 2031 (the “Notes”).

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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.95

Core Scientific, Inc./tx entered into Indenture with Wilmington Savings Fund Society, FSB valued at $3.3 billion (effective 2026-05-06).

Action: entry
Agreement: notes offering
Counterparty: Wilmington Savings Fund Society, FSB
Value: $3.3 billion
Effective: 2026-05-06

Exact text from the filing

the Notes were issued pursuant to, and are governed by, an indenture (the “Indenture”), dated as of May 6, 2026, between the Issuer, Holdco (as defined below), the Subsidiary Guarantors and Wilmington Savings Fund Society, FSB, as trustee (the “Trustee”) and collateral agent (the “Collateral Agent”)

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101 debt financings filed in the last 30 days. Browse all debt financings →

Core Scientific, Inc./tx filing history →

Source: SEC EDGAR

accession 0001193125-26-208905

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