secwatch.observer — SEC 8-K summary
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Issuer:     Core Scientific, Inc./tx (CORZ)
CIK:        0001839341
Form:       8-K
Filed at:   2026-05-06T23:59:59+00:00
Accession:  0001193125-26-208905
Event type: debt
Sentiment:  neutral
Materiality: 0.85
Item codes: 1.01, 1.02, 2.03, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Core Scientific subsidiary prices $3.3B of 7.750% senior secured notes due 2031
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1839341/000119312526208905/0001193125-26-208905-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1839341/000119312526208905/d47435d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-26-208905

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