TeraWulf increases revolving credit facility to about $400 million from $250 million
WULF•TeraWulf increased its senior secured revolving credit commitments to approximately $400 million from $250 million, effective Oct. 23, 2026. The amendment also provides an uncommitted accordion of approximately $150 million and eliminates the $150 million letter-of-credit sublimit.
1. Facility expanded
TeraWulf increased senior secured revolving credit commitments from $250 million to approximately $400 million effective Oct. 23, 2026. The amendment eliminates the facility’s $150 million sublimit on letters of credit.
2. Additional capacity
An uncommitted accordion allows approximately $150 million in additional commitments, subject to lender availability and other conditions. Morgan Stanley Senior Funding is the administrative and collateral agent under the credit agreement, originally dated May 7, 2026. Collateral may be released from the agent’s security interest upon satisfaction of specified conditions.
