TeraWulf Increases Revolving Credit Facility to Approximately $400 Million

TeraWulf revised its revolving credit agreement on October 23, raising the senior secured revolving credit facility from $250 million to approximately $400 million, an increase of about 60%. The revision took effect on the same day, with Morgan Stanley Senior Funding serving as the administrative and collateral agent. The amended agreement allows for an additional increase of approximately $150 million upon obtaining new loan commitments and meeting certain conditions, while eliminating the previous $150 million sub-limit applicable to the issuance of letters of credit.

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