Core Scientific emerges from bankruptcy with an elaborate plan to repay almost a billion of its debt.
The company has received support from some of its note holders with debtor-in-possession (DIP) facilities of up to $75 million.
B.Riley believes that Core Scientific will be able to restructure its debt with the credit facility despite challenging market conditions.
According to Core Scientific, it is unable to make its debt payments in October and early November.
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