Terawulf Inc.
10/23/2026 | Press release | Distributed by Public on 10/23/2026 15:14
Material Agreement, Financial Obligation (Form 8-K)
Item 1.01 Entry into a Material Definitive Agreement.
On October 23, 2026 (the "Effective Date"), TeraWulf Inc. ("TeraWulf" or the "Company") entered into Amendment No. 1 (the "Amendment") to the Existing Credit Agreement (as defined below), by and among the Company, as borrower, certain of the Company's subsidiaries, as guarantors, the lenders from time to time party thereto, and Morgan Stanley Senior Funding, Inc., as administrative agent and collateral agent (the "Agent"). The Amendment amends that certain Revolving Credit Agreement, dated as of May 7, 2026 (as amended, restated, amended and restated, supplemented or otherwise modified prior to the effectiveness of the Amendment, the "Existing Credit Agreement"), by and among the Company, as borrower, the lenders from time to time party thereto, and the Agent.
The Amendment amends the Existing Credit Agreement (as so amended, the "Amended Credit Agreement") to, among other things, (i) increase the total commitments under the senior secured revolving credit facility from $250 million to approximately $400 million on the Effective Date, (ii) provide for an uncommitted "accordion" feature, pursuant to which the aggregate commitments under the senior secured revolving credit facility may be increased by an additional amount of approximately $150 million, subject to the availability of additional lender commitments and satisfaction of certain other conditions, and (iii) eliminate the $150 million sublimit previously applicable to the issuance of letters of credit. The Amendment also provides for the release of collateral from the security interest of the Agent upon the occurrence of certain conditions as set forth in the Amendment.
The foregoing description does not purport to be complete and is qualified in its entirety by reference to the full text of the Amended Credit Agreement, a copy of which will be filed with the Company's Quarterly Report on Form 10-Q for the quarter ending September 30, 2026.
Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.
The information set forth above under Item 1.01 of this Current Report on Form 8-K is hereby incorporated by reference into this Item 2.03.
Terawulf Inc. published this content on October 23, 2026, and is solely responsible for the information contained herein. Distributed via EDGAR on October 23, 2026 at 21:14 UTC. If you believe the information included in the content is inaccurate or outdated and requires editing or removal, please contact us at [email protected]