Core Scientific (CORZ) closed an additional $500M commitment provided by JPMorgan Chase Bank, N.A. under the accordion feature of the Company’s previously announced 364-day credit facility. This brings total funded commitments under the Facility to $1B, including the previously announced $500M commitment from Morgan Stanley. Borrowings under the Facility bear interest at a rate of the Secured Overnight Financing Rate plus 250 basis points.
Claim 30% Off TipRanks
Forget margin or options. Here's how the pros trade CORZPublished first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on CORZ:
- Short Report: Bears reduce exposure to energy stocks
- Crypto Currents: Mastercard to acquire stablecoin firm BVNK for up to $1.8B
- Crypto Currents: SEC-CFTC framework arrives ahead of rate decision
- Crypto Currents: SEC, CFTC sign MOU for Joint Harmonization Initiative
- Mixed options sentiment in Core Scientific, Inc with shares down 1.63%