Reported Earlier, Core Scientific Prices Upsized $400M 3.00% Convertible Senior Notes Due 2029
Portfolio Pulse from Benzinga Newsdesk
Core Scientific has increased the size of its convertible senior notes offering to $400 million from the previously announced $350 million. The notes, due in 2029, are set to settle on August 19, 2024, with an option for initial purchasers to buy an additional $60 million in notes.
August 14, 2024 | 7:51 am
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Core Scientific has increased its convertible senior notes offering to $400 million, with settlement due on August 19, 2024. This move could provide the company with additional capital for growth and operations.
The increase in the offering size indicates strong demand and confidence from investors. The additional capital can be used for growth and operational needs, which is positive for the company's financial health.
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