---
schema_version: "secwatch.filing_event.v1"
accession: "0001839341-26-000021"
form_type: "8-K"
ticker: "CORZ"
cik: "0001839341"
company_name: "Core Scientific, Inc./tx"
filed_at: "2026-08-27T11:07:08+00:00"
generated_at: "2026-08-27T11:10:06.059872+00:00"
event_type: "debt"
sentiment: "positive"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Core Scientific secures $600M credit facilities; CFO says ~$300M restricted cash to be released

## Summary
- Entered $600M committed senior secured facilities: $100M revolver + $500M letter of credit; nothing drawn at closing.
- Revolver priced at SOFR + 1.75% or base rate + 0.75%, 3-yr maturity (4-yr at Company election); L/C fee 1.75% + 0.125% fronting.
- CFO Jim Nygaard: facilities expected to release ~$300M of restricted cash, improving capital efficiency and flexibility.
- Covenants include minimum quarterly liquidity of $150M and $3.0B market-cap condition per borrowing; secured by first-priority lien on substantially all assets.
- JPMorgan is administrative agent; Morgan Stanley, JPMorgan, Goldman Sachs, TD Securities as joint lead arrangers/bookrunners.

## SEC filing metadata
- accession: 0001839341-26-000021
- form_type: 8-K
- ticker: CORZ
- cik: 0001839341
- company_name: Core Scientific, Inc./tx
- filed_at: 2026-08-27T11:07:08+00:00
- event_type: debt
- sentiment: positive
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.01, 2.03, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1839341/000183934126000021/0001839341-26-000021-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1839341/000183934126000021/core-20260825.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001839341-26-000021
- JSON: https://secwatch.observer/filing/0001839341-26-000021.json
- Plain text: https://secwatch.observer/filing/0001839341-26-000021.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.