Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
TERAWULF INC. incurred credit facility of $500 million with Morgan Stanley Senior Funding, Inc., as administrative agent and collateral agent at Term SOFR plus 2.75% per annum maturing 364-day.
- Instrument
- credit facility
- Principal
- $500 million
- Counterparty
- Morgan Stanley Senior Funding, Inc., as administrative agent and collateral agent
- Rate
- Term SOFR plus 2.75% per annum
- Maturity
- 364-day
- Event
- incurrence
Exact text from the filing
On March 13, 2026, TeraWulf Inc. (“TeraWulf” or the “Company”) entered into that certain Delayed-Draw Bridge Credit Agreement (with any and all amendments, restatements, supplements and/or other modifications thereto, the “Bridge Credit Agreement”), by and among Raylan Finance LLC, a Delaware limited liability company and a subsidiary of TeraWulf (“Holdings”), Raylan Data LLC, a Delaware limited liability company and a direct subsidiary of Holdings (the “Borrower”), Justified DataPower LLC, a Delaware limited liability company, a subsidiary of TeraWulf and an affiliate of the Borrower (the “Real Estate Guarantor”), Morgan Stanley Senior Funding, Inc., as administrative agent and collateral agent, and each lender party thereto from time to time. The Bridge Credit Agreement will provide TeraWulf with financing under a 364-day $500 million delayed draw senior secured bridge facility (the “Facility”), the proceeds of which may be used to finance the construction and development of the Comp
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
TERAWULF INC. entered into Bridge Credit Agreement with Morgan Stanley Senior Funding, Inc. valued at $500 million (effective 2026-03-13).
- Action
- entry
- Agreement
- credit facility
- Counterparty
- Morgan Stanley Senior Funding, Inc.
- Value
- $500 million
- Effective
- 2026-03-13
Exact text from the filing
On March 13, 2026, TeraWulf Inc. (“TeraWulf” or the “Company”) entered into that certain Delayed-Draw Bridge Credit Agreement (with any and all amendments, restatements, supplements and/or other modifications thereto, the “Bridge Credit Agreement”), by and among Raylan Finance LLC, a Delaware limited liability company and a subsidiary of TeraWulf (“Holdings”), Raylan Data LLC, a Delaware limited liability company and a direct subsidiary of Holdings (the “Borrower”), Justified DataPower LLC, a Delaware limited liability company, a subsidiary of TeraWulf and an affiliate of the Borrower (the “Real Estate Guarantor”), Morgan Stanley Senior Funding, Inc., as administrative agent and collateral agent, and each lender party thereto from time to time.
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