Core Scientific plans to issue $3.3 billion in private debt to repay credit loans

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ME News Report, April 21 (UTC+8), according to market sources, Bitcoin mining company Core Scientific disclosed that its wholly owned subsidiary Core Scientific Finance plans to privately issue senior secured notes totaling $3.3 billion to qualified institutional buyers, with a maturity date in 2031. The company stated that part of the net proceeds will be used to fully repay the deferred draw term loan under the previous 364-day credit arrangement, including accrued interest and related fees. The notes will be fully guaranteed by five subsidiaries of Core Scientific and secured by a first-priority lien on the majority of assets of the relevant subsidiaries. (Source: ChainCatcher)

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