secwatch.observer — SEC 8-K summary
======================================

Issuer:     Core Scientific, Inc./tx (CORZ)
CIK:        0001839341
Form:       8-K
Filed at:   2026-03-06T23:59:59+00:00
Accession:  0001628280-26-015622
Event type: debt
Sentiment:  positive
Materiality: 0.70
Item codes: 1.01, 2.03, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Core Scientific secures $500M Morgan Stanley loan facility, accordion to $1B
----------------------------------------------------------------------------

- Initial $500M 364-day term loan facility with Morgan Stanley; interest SOFR + 2.50%.
- Accordion feature allows increase of commitments by up to an additional $500M.
- Proceeds will fund data center development, including equipment, real property, and pre-development costs.
- Company borrowed full $500M on March 5, 2026; proceeds used for general corporate purposes per agreement.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1839341/000162828026015622/0001628280-26-015622-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1839341/000162828026015622/core-20260304.htm
  HTML page:      https://secwatch.observer/filing/0001628280-26-015622

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer