60% increase in facility size: TeraWulf raises revolving credit facility to approximately $400 million

Odaily reports that according to the 8-K filing submitted by TeraWulf, the company amended its revolving credit agreement on October 23, increasing its senior secured revolving credit facility from $250 million to approximately $400 million, an increase of about 60%, with the amendment effective on the same day. Morgan Stanley Senior Funding serves as administrative and collateral agent. The amended agreement allows for a further increase of approximately $150 million upon obtaining additional lending commitments and satisfying relevant conditions, while eliminating the previous $150 million sublimit applicable to letter of credit issuances.