Core Scientific, Inc. (CORZ), on Tuesday, announced that its subsidiary intends to offer $3.3 billion in senior secured notes due 2031.
The company said the proceeds will be used to fund a debt service reserve account, with the remaining amount distributed to Core Scientific.
The company plans to use a portion of the proceeds to fully repay its outstanding delayed draw term loans under its 364-day credit facility.
In the pre-market trading, Core Scientific is 2.01% higher at $20.50 on the Nasdaq.
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June 19, 2026 16:46 ET Major central banks continued to dominate the economic news flow this week too, led by the Federal Reserve, as they announced their latest policy decisions. The Federal Reserve policy session was in focus as it was the first to be led by the new chief Kevin Warsh. In Europe, central banks of the U.K. and Switzerland announced their rate decisions. In Asia, the Bank of Japan drew attention for its policy moves, while data out of China threw some light on the state of the economy.