Core Scientific Expands Strategic Financing Facility to $1 Billion with Additional $500 Million Commitment from J.P. Morgan
Core Scientific, Inc. (CORZ)
Company Research
Source: Business Wire
AUSTIN, Texas--(BUSINESS WIRE)--Core Scientific, Inc. (Nasdaq: CORZ) (“Core Scientific” or the “Company”), a leader in digital infrastructure for high-density colocation, today announced that it closed an additional $500 million commitment provided by JPMorgan Chase Bank, N.A. under the accordion feature of the Company’s previously announced 364-day credit facility (the “Facility”). This brings total funded commitments under the Facility to $1.0 billion, including the previously announced $500 million commitment from Morgan Stanley. Borrowings under the Facility bear interest at a rate of the Secured Overnight Financing Rate (“SOFR”) plus 250 basis points (2.50%).“We are proud to have commitments from Morgan Stanley and J.P. Morgan under this Facility,” said Adam Sullivan, Chief Executive Officer of Core Scientific. “With $1 billion of total financing capacity now available, we are well positioned to execute on our development and go-to-market strategy, deploying capital to accele
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CORZ
Earnings
- 3/2/26 - Beat
CORZ
Sec Filings
- 3/26/26 - Form SCHEDULE
- 3/23/26 - Form 8-K
- 3/20/26 - Form SCHEDULE
- CORZ's page on the SEC website