ConvertibleActive
2.75% Convertible Notes due 2030
WULF-Feb30
BTC Holdings
3 BTC
Total Debt
$7.03B
Leverage
1759922.5%
mNAV
37115.52x
Outstanding
$500.00M
Insufficient history
Issue date
2024-10-25
Principal
$500.00M
Coupon
2.75%
Maturity
2030-02-01
Conversion price
$8.48
Terms & Documentation
Terms
- BTC strategy
- No
- Ranking
- Senior unsecured
- Settlement
- Issuer election
- Payment frequency
- Semi-annual
- Payment dates
- May 1, Nov 1
- Rate type
- Fixed
- Forced conversion
- On or after Nov 6 2027 if stock >= 130% of conversion price for 20 of 30 consecutive trading days
- Put provision
- Fundamental change: holders may require repurchase at 100% of principal plus accrued interest
- Use of proceeds
- Capped call transactions, share repurchase (~$115M), and general corporate purposes including data center expansion
- Capped call
- Entered into capped call transactions costing approximately $60M
Sources(1)
- Form 8-K (2.75% convertib…FilingForm 8-K (2.75% convertible notes closing)Item 1.01TeraWulf Inc. — 2024-10-25
Outstanding History
Outstanding history(1)
| As of | Event | Outstanding | Source |
|---|---|---|---|
| 2024-10-25 | Issuance | $500.00M | Form 8-K (2.75% convertib… |
- 2024-10-25 — $500,000,000Item 1.01 — filing — TeraWulf Inc.Source