Core Scientific Prices Upsized $550 Million Convertible Senior Notes Offering
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Core Scientific, Inc. has announced the pricing of a $550 million convertible senior notes offering, which is set to mature in 2031. The notes are being offered to qualified institutional buyers.
December 03, 2024 | 5:30 am
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Core Scientific has priced a $550 million convertible senior notes offering, which could provide the company with significant capital for expansion or debt management.
The issuance of convertible notes can be seen as a positive move for Core Scientific, as it provides the company with substantial capital without immediate dilution of equity. This could be used for expansion or to manage existing debt, potentially improving financial stability and growth prospects.
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