Core Scientific Intends To Offer $350M Of Convertible Senior Notes Due 2029 In Private Offering
Portfolio Pulse from Benzinga Newsdesk
Core Scientific plans to offer $350 million of convertible senior notes due 2029 in a private offering. This move is likely aimed at raising capital for future growth and operational needs.
August 13, 2024 | 11:26 am
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Core Scientific is offering $350 million of convertible senior notes due 2029 in a private offering. This could be a strategic move to raise capital for future growth and operational needs.
The issuance of convertible senior notes is a common strategy for companies to raise capital. This move indicates that Core Scientific is looking to secure funds for future growth or operational needs. Investors might view this as a positive sign of the company's strategic planning and potential for expansion.
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