Core Scientific

Borrower

Core Scientific, Inc. (borrower)

Seniority

Senior secured, parent level

Maturity

2029-08-25 — Third anniversary of closing; extendable to the fourth anniversary (2030-08-25) at the Company's sole election

Collateral

First-priority lien on substantially all assets of the Company and the Guarantors

Lenders

JPMorgan Chase Bank, N.A. (admin + collateral agent) · Issuing banks and lenders party thereto

Pricing

Term SOFR (0.00% floor) + 1.75%

Terms

$100.0M senior secured revolving credit facility + $500.0M letter of credit facility; $0 outstanding under either at the 8/25/26 closing. Minimum liquidity covenant $150.0M (unrestricted cash + undrawn revolver commitments); each revolver borrowing conditioned on market capitalization of at least $3,000.0M at the prior market close.

Source: 8-K 8/27/26 (Credit Agreement filed as EX-10.1) · document

Borrower

Core Scientific Finance I LLC (issuer)

Seniority

Senior secured, project-style; guaranteed by 5 project subsidiaries (Austin, Denton, Dalton, Marble, Muskogee); parent completion guarantee, no parent debt guarantee

Maturity

2031-05-15

Collateral

1st liens on issuer + guarantor assets, equity pledge, parent collateral pending ring-fence transfer

Lenders

Morgan Stanley (lead) · J.P. Morgan (lead) · WSFS (trustee/collateral)

Terms

Issued at 99.25; ~11.5%/yr amortization after Nov 15, 2026 $3.30B outstanding 6/30/26; semi-annual amortization at an initial 11.50%/yr of original principal; $345M debt service reserve in restricted cash (Q2-26 10-Q).

Source: 8-K 5/6/26 with indenture; launch 8-K 4/21/26 (priced Apr 22) · document

Borrower

Core Scientific, Inc. (borrower); material domestic subsidiary guarantors

Seniority

Senior secured

Maturity

2027-03-03 — 364 days from the 3/4/26 closing

Collateral

First-priority lien on substantially all assets of the Company and the Guarantors; 100% mandatory prepayment from asset sales, new debt, equity, insurance and development fees

Lenders

Morgan Stanley Senior Funding, Inc. (admin + collateral agent; initial $500M) · JPMorgan Chase Bank, N.A. (incremental $500M)

Pricing

Term SOFR (0% floor) + 2.50%

Terms

Initial $500M signed 3/4/26 (drawn 3/5); Amendment No. 1 (3/18/26, JPMorgan as amendment no. 1 term lender) added $500M, drawn same day — $1.0B total. Up to $7.5M commitment/exit fees; delayed-syndication fees beyond 106 days. REPAID IN FULL 2026-05-06 with proceeds of the $3.3B 7.750% Senior Secured Notes due 2031; all obligations released, discharged and satisfied (8-K 5/6/26).

Source: 8-K 3/6/26 (origination); 8-K 5/6/26 (repayment) · document

Seniority

Senior unsecured

Maturity

2031-06-15

Lenders

144A; U.S. Bank Trust Co. (trustee)

Pricing

Effective 0.4%; conversion ~$22.49

Source: 8-K 12/5/24; 10-Q; Q2-26 10-Q (6/30/26 balance), acc 0001839341-26-000014 · document

Seniority

Senior unsecured

Maturity

2029-09-01

Lenders

144A; U.S. Bank Trust Co. (trustee)

Pricing

Effective 3.7%; conversion ~$11.00

Source: 8-K 8/19/24; Q1-26 10-Q Note 6; Q2-26 10-Q (6/30/26 balance), acc 0001839341-26-000014 · document

Seniority

Lease obligations

Maturity

Various

Collateral

Leased equipment

Terms

$876K finance leases 6/30/26; weighted-average remaining term 4.4y, discount rate 7.4% (Q2-26 10-Q). Commenced Q4 2025 (ROU assets of $1,916K obtained in exchange for lease obligations in 2025; none at 9/30/25); exact commencement date not disclosed.

Source: Q2-26 10-Q Note 6 Leases, filed 2026-07-28, acc 0001839341-26-000014; FY2025 10-K Note 7 · document