secwatch.observer — SEC 8-K summary
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Issuer:     TERAWULF INC. (WULF)
CIK:        0001083301
Form:       8-K
Filed at:   2026-03-16T23:59:59+00:00
Accession:  0000950142-26-000720
Event type: debt
Sentiment:  neutral
Materiality: 0.72
Item codes: 1.01, 2.03, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

TeraWulf enters $500M delayed-draw bridge facility for Hawesville data center buildout
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- 364-day $500M senior secured bridge facility; proceeds to fund construction and development of Hawesville, KY data center.
- Interest at SOFR + 2.75% per annum (or base rate + 1.75%), at borrower's option.
- Minimum liquidity covenant: TeraWulf and Borrower must maintain $100M liquidity including facility proceeds.
- Facility provided by lenders with Morgan Stanley Senior Funding as administrative agent.
- Consolidating schedules for WULF Compute and subsidiaries furnished as Exhibit 99.1 per note indenture requirements.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1083301/000095014226000720/0000950142-26-000720-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1083301/000095014226000720/eh260751501_8k.htm
  HTML page:      https://secwatch.observer/filing/0000950142-26-000720

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