Bitcoin mining company Core Scientific plans to issue $3.3 billion in private placement bonds to repay credit loans.
Source：
www.theblock.co
According to The Block, Bitcoin mining company Core Scientific disclosed that its wholly-owned subsidiary, Core Scientific Finance, plans 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 of the assets of those subsidiaries.
