Core Scientific expands 364-day credit facility to USD 1 billion with USD 500 million J.P. Morgan commitment

Reuters

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<a href="https://laohu8.com/S/CORZ">Core Scientific</a> expands 364-day credit facility to USD 1 billion with USD 500 million J.P. Morgan commitment

Core Scientific closed an additional USD 500.0 million commitment from J.P. Morgan under the accordion feature of its existing 364-day credit facility.
Total funded commitments under the facility increased to USD 1.0 billion, including a previously announced USD 500.0 million commitment from Morgan Stanley.
Borrowings under the facility bear interest at SOFR plus 2.5%.
Proceeds are expected to be used for general corporate purposes related to data center development, including equipment purchases and real property acquisition.

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: 202603230700BIZWIRE_USPR_____20260323_BW864267) on March 23, 2026, and is solely responsible for the information contained therein.

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Morgan commitment","media":"Reuters","content":"<html xmlns=\"http://www.w3.org/1999/xhtml\" xmlns:newsg2=\"http://iptc.org/std/nar/2006-10-01/\" xmlns:xhtml=\"http://www.w3.org/1999/xhtml\"><head><title>\n      <a href=\"https://laohu8.com/S/CORZ\">Core Scientific</a> expands 364-day credit facility to USD 1 billion with USD 500 million J.P. Morgan commitment\n    </title></head><body><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<ul>\n<li>\n          <a href=\"https://laohu8.com/S/CORZQ\">Core Scientific</a> closed an additional USD 500.0 million commitment from J.P. 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Morgan commitment\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1032215980\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2026-03-23 19:00</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html xmlns=\"http://www.w3.org/1999/xhtml\" xmlns:newsg2=\"http://iptc.org/std/nar/2006-10-01/\" xmlns:xhtml=\"http://www.w3.org/1999/xhtml\"><head><title>\n      <a href=\"https://laohu8.com/S/CORZ\">Core Scientific</a> expands 364-day credit facility to USD 1 billion with USD 500 million J.P. 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Morgan commitment\n    \n\n\nCore Scientific closed an additional USD 500.0 million commitment from J.P. Morgan under the accordion feature of its existing 364-day credit facility.\n        \n\n          Total funded commitments under the facility increased to USD 1.0 billion, including a previously announced USD 500.0 million commitment from Morgan Stanley.\n        \n\n          Borrowings under the facility bear interest at SOFR plus 2.5%.\n        \n\n          Proceeds are expected to be used for general corporate purposes related to data center development, including equipment purchases and real property acquisition.\n        \n\n\n\n\n\nDisclaimer: 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: 202603230700BIZWIRE_USPR_____20260323_BW864267) on March 23, 2026, and is solely responsible for the information contained therein.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"corporation","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}