TeraWulf Inc. has amended its senior secured revolving credit agreement, increasing the total commitment from $250 million to $400 million. The amendment also introduces an accordion feature for potential future expansion and removes a previous sublimit on letters of credit, enhancing the company's financial flexibility.
Key Details
- Increased Commitment: The total size of the senior secured revolving credit facility was increased from $250 million to approximately $400 million, effective October 23, 2026.
- Accordion Feature: The amended agreement includes an uncommitted "accordion" feature, which could increase the facility by an additional $150 million, subject to lender availability and certain conditions.
- Increased Flexibility: A previous $150 million sublimit on the issuance of letters of credit has been eliminated.