TeraWulf Raises Revolving Credit Facility by 60% to About $400 Million

October 24 — According to the 8-K filing submitted by TeraWulf, the company amended its revolving credit agreement on October 23, increasing its senior secured revolving credit facility from $250 million to approximately $400 million, a rise of about 60%, effective the same day. Morgan Stanley Senior Funding, a unit of Morgan Stanley, serves as administrative and collateral agent.

The amended agreement also allows the facility to be increased by a further approximately $150 million after additional lender commitments are obtained and related conditions are satisfied, while eliminating the previously applicable $150 million sublimit for letter of credit issuance.