debt
confidence high
sentiment neutral
materiality 0.80
TeraWulf subsidiary issues $3.2B of 7.750% senior secured notes due 2030 for data center expansion
TERAWULF INC.
- Aggregate principal amount of notes issued is $3.2 billion at 100% of par.
- Notes bear interest at 7.750% per year, payable semiannually; mature October 15, 2030.
- Net proceeds will finance data center expansion at Lake Mariner campus in Barker, New York.
- TeraWulf provides a completion guarantee for the data center expansion.
- Notes issued by WULF Compute LLC, wholly-owned subsidiary of TeraWulf Inc.
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