ConvertibleActive
3% Convertible Notes due 2029
CORZ-Sep29
BTC Holdings
613 BTC
Total Debt
$2.08B
Leverage
4065.6%
mNAV
131.96x
Outstanding
$460.00M
Insufficient history
Issue date
2024-08-19
Principal
$460.00M
Coupon
3.00%
Maturity
2029-09-01
Conversion price
$11
Terms & Documentation
Terms
- BTC strategy
- No
- Ranking
- Senior unsecured
- Settlement
- Combination
- Payment frequency
- Semi-annual
- Payment dates
- Mar 1, Sep 1
- Rate type
- Fixed
- Forced conversion
- On or after Sep 7 2027 if stock >= 130% of conversion price for 20 of 30 consecutive trading days
- Put provision
- Fundamental change repurchase at par + accrued interest
- Use of proceeds
- Repayment of outstanding secured notes, exit facility, and miner equipment loans, and general corporate purposes
Sources(2)
- Form 8-K (3.00% convertib…FilingForm 8-K (3.00% convertible notes due 2029)Item 1.01Core Scientific, Inc. — 2024-08-19
- Upsized $400M 3.00% Conve…Press ReleaseUpsized $400M 3.00% Convertible Senior Notes due 2029Core Scientific, Inc. — 2024-08-14
Outstanding History
Outstanding history(1)
| As of | Event | Outstanding | Source |
|---|---|---|---|
| 2024-08-19 | Issuance | $460.00M Includes $60M overallotment exercise | Form 8-K (3.00% convertib… |
- 2024-08-19 — $460,000,000Item 2.03 — filing — Core Scientific, Inc.Source