Core Scientific Prices $3.3 Billion Senior Secured Notes Offering
Washington, DC – April 22, 2026 – Cooley advised Core Scientific (Nasdaq: CORZ), a leader in digital infrastructure for high-density colocation, in connection with an offering of $3.3 billion aggregate principal amount of 7.750% senior secured notes due 2031 issued by its wholly-owned subsidiary, Core Scientific Finance I LLC, at an issue price equal to 99.250% of the principal amount thereof. The offering is expected to close on May 6, 2026, subject to customary closing conditions.
Lawyers Daniel Peale, Darah Protas, Richard Segal, Logan Tiari, Eric Blanchard, Michael Tollini, Adam Longenbach, John Goldman and Alanna Zuchelli led the Cooley team advising Core Scientific.
Cooley previously advised Core Scientific on its $1 billion loan facility with Morgan Stanley and JPMorgan Chase Bank in March 2026, $625 million convertible senior notes in December 2024, $460 million convertible senior notes in August 2024 and merger with SPAC Power & Digital Infrastructure Acquisition Corp. in August 2021.
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