ConvertibleActive
0% Convertible Notes due 2031
CORZ-Jun31
BTC Holdings
613 BTC
Total Debt
$2.08B
Leverage
4065.8%
mNAV
131.97x
Outstanding
$625.00M
Insufficient history
Issue date
2024-12-05
Principal
$625.00M
Coupon
0.00%
Maturity
2031-06-15
Conversion price
$22.49
Terms & Documentation
Terms
- BTC strategy
- No
- Ranking
- Senior unsecured
- Settlement
- Combination
- Payment frequency
- None (zero coupon)
- Rate type
- Fixed
- Forced conversion
- On or after Jun 22 2028 if stock >= 130% of conversion price for 20 of 30 consecutive trading days
- Put provision
- Fundamental change repurchase at par; holders may also put on Dec 15 2027 at par
- Use of proceeds
- General corporate purposes, including working capital, operating expenses, capital expenditures, and acquisitions
Sources(2)
- Form 8-K (0.00% convertib…FilingForm 8-K (0.00% convertible notes due 2031)Item 1.01Core Scientific, Inc. — 2024-12-05
- Upsized $550M 0.00% Conve…Press ReleaseUpsized $550M 0.00% Convertible Senior Notes due 2031Core Scientific, Inc. — 2024-12-02
Outstanding History
Outstanding history(1)
| As of | Event | Outstanding | Source |
|---|---|---|---|
| 2024-12-05 | Issuance | $625.00M Includes $75M overallotment exercise | Form 8-K (0.00% convertib… |
- 2024-12-05 — $625,000,000Item 2.03 — filing — Core Scientific, Inc.Source