Form 8-K · Current Report · Filed 2026-08-27

Core Scientific Secures $600 Million Credit Facilities

Core Scientific, Inc. has entered into $600 million of committed senior secured credit facilities, consisting of a $100 million revolving credit facility and a $500 million letter of credit facility. The revolving credit facility will be used for general corporate purposes and working capital needs, while the letter of credit facility will support specific project obligations and other corporate purposes. The facilities are expected to release approximately $300 million of restricted cash, improving the company's capital efficiency and financial flexibility. Borrowings under the revolving credit facility will bear interest at either Adjusted Term SOFR plus 1.75% or an alternate base rate plus 0.75%, at the company's election. Letters of credit issued under the letter of credit facility will carry an annual fee of 1.75% on outstanding amounts, as well as an annual 0.125% fronting fee. The company's obligations under the facilities are guaranteed by certain wholly owned domestic subsidiaries and secured by a first-priority lien on substantially all assets of the company and the guarantors.