TERAWULF INC. (WULF): debt financing — 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.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.99

TERAWULF INC. incurred senior notes of $3.2 billion with Morgan Stanley & Co. LLC at 7.750% per year maturing October 15, 2030.

Instrument: senior notes
Principal: $3.2 billion
Counterparty: Morgan Stanley & Co. LLC
Rate: 7.750% per year
Maturity: October 15, 2030
Event: incurrence

Exact text from the filing

institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”). The aggregate principal amount of notes sold in the offering was $3.2 billion. The notes were issued at a price equal to 100% of their principal amount. WULF Compute intends to use the net proceeds from the offering to finance a portion of its data center

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Source: SEC EDGAR

accession 0001104659-25-101866

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