TechFlow News, April 21: According to The Block, Bitcoin mining company Core Scientific disclosed that its wholly owned subsidiary, Core Scientific Finance, intends to conduct a private placement of $3.3 billion in senior secured notes maturing in 2031 to qualified institutional buyers. The company stated that a portion of the net proceeds will be used to fully repay the delayed-draw term loan under its prior 364-day credit facility, including accrued interest and related fees. The notes will be fully guaranteed by five subsidiaries of Core Scientific and secured by first-priority liens on substantially all assets of those subsidiaries.
Add to Favorites
Share to Social Media
