Core Scientific Secures Up to $1 Billion Morgan Stanley Loan Facility

Reuters03-05

<a href="https://laohu8.com/S/CORZ">Core Scientific</a> Secures Up to $1 Billion <a href="https://laohu8.com/S/MSPQL">Morgan Stanley</a> Loan Facility

Core Scientific Inc. said it completed the initial closing of a $500 million 364-day loan facility provided by Morgan Stanley, with an accordion feature that could increase total commitments by up to an additional $500 million, for up to $1.0 billion in total. Borrowings under the facility bear interest at SOFR plus 250 basis points, and proceeds may be used for general corporate purposes related to developing data center assets, including equipment purchases, pre-development costs, real property acquisition, and securing additional energy for data centers.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Core Scientific Inc. published the original content used to generate this news brief via Business Wire (Ref. ID: 20260305132937) on March 05, 2026, and is solely responsible for the information contained therein.

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