InfraComputeThe capital behind compute.

InfraCompute / Deals

Core Scientific 3.00% convertible senior notes due 2029

Convertible notes for Core Scientific, US$460m, 19 August 2024.

Key terms

Borrower or issuer
Core Scientific
Date
19 August 2024
Structure
Convertible notes
Amount
US$460m
Pricing
3% coupon
Tenor
Matures 1 Sep 2029

Recorded terms

Lender type
Bonds and securitisationsStructure: convertible
Tenor
Matures 1 Sep 2029
Security
Senior unsecured
Lenders and arrangers
Underwriters / initial purchasers (representatives): JPMorgan; Agent: Wilmington Trust (collateral agent)
Trustee
U.S. Bank Trust

Parties

Similar financings

Same structure, other borrowers, closest in date.

More from Core Scientific

All Core Scientific financings →

Filed documents and legal terms

The documents behind this financing that are filed on SEC EDGAR, with the governing law each states. Read any document in full before relying on it; filers may redact commercial terms.

Filed documents
1
Governing law
Not stated in the filed text
Quoted in the clause and contract libraries
0
Filed documentDatedGoverning lawIn InfraCompute
SEC Form 8-K (financing announcement / closing)19 August 2024––

In-house counsel working on similar terms? Ask Randeep for a market check or see what is market.

For counsel on this deal

Acting for a lender, borrower or sponsor on a financing like this? Start from the filed precedents. Previews are open; the full text is free with InfraCompute Weekly.

Sources

  1. Core Scientific 3.00% convertible senior notes due 2029Source date: 19 August 2024

About this record

Compiled from the sources above. Terms are as announced and may have changed since. Methodology · Send a correction.

Read the structure

Randeep Bubbra

InfraCompute Weekly

The week in compute finance, read from the filings.

Deals, terms and the clauses behind them, for the people financing data centres, GPU clouds and the power behind them. By Randeep Bubbra.

Working on a financing like this one? Book 20 minutes with Randeep to see how it compares.

Fridays, one email. Work email only. Unsubscribe any time. Privacy.