TeraWulf amends credit facility, raising revolver commitments from $250 million to about $400 million
TeraWulf entered into an amendment to its existing revolving credit agreement with Morgan Stanley Senior Funding as administrative agent, increasing total commitments from $250 million to about $400 million as of October 23, 2026. The amendment also adds an uncommitted accordion feature of about $150 million and removes the $150 million sublimit for letters of credit, while allowing collateral release under certain conditions. The filing describes a larger, more flexible borrowing capacity, though it does not state how the company plans to use it.
Key points
- Total revolving commitments rise from $250 million to about $400 million on the October 23, 2026 Effective Date.
- An uncommitted accordion feature could add about $150 million more, subject to additional lender commitments and other conditions.
- The $150 million sublimit on letters of credit is eliminated.
- The amendment provides for release of collateral from the agent's security interest upon certain conditions; the full amended agreement will be filed with the Form 10-Q for the quarter ending September 30, 2026.
The filing
Written by AI on Nov 9, 2026, 8:36 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on October 23, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.