TeraWulf Expands Revolving Credit Commitments to About $400 Million
Photo: TokenPost
Bitcoin (BTC) miner TeraWulf increased commitments under its senior secured revolving credit facility to about $400 million from $250 million, expanding its committed financing capacity under an amendment effective Oct. 23. The amendment removes the former $150 million letter-of-credit sublimit and allows collateral to be released when specified conditions are met. It also provides an uncommitted option to increase commitments by about $150 million, subject to lender availability and other conditions. In an Oct. 5 disclosure, TeraWulf said it planned to expand the revolver and pursue additional senior secured debt to support letter-of-credit needs tied to utility partnerships.
Source: TokenPost
