Other DebtExpired
Senior Secured Revolving Credit Facility
WULF-RC30
$25.56▼ 3.16%
BTC Holdings
18 BTC
Total Debt
$7.03B
Leverage
296836.6%
mNAV
9578.80x
Outstanding
$0.00
Insufficient history
Issue date
2026-05-07
Principal
$250.00M
Coupon
1.75%
Maturity
2030-05-07
Conversion price
—
Terms & Documentation
Terms
- BTC strategy
- No
- Ranking
- Senior secured
- Facility type
- Revolving
- Rate type
- Floating
- Rate reference
- Term SOFR + 175 bps (or ABR + 75 bps) from closing to Fluidstack First Commencement Date; thereafter applicable margin tier 125-175 bps Term SOFR / 25-75 bps ABR based on consolidated total debt / market cap ratio. Springing maturity 91 days prior to Feb-2030 convertibles maturity if certain conditions exist.
- Collateral
- Substantially all assets of TeraWulf and certain assets of certain subsidiaries (subject to excluded assets)
- Covenants
- Customary restrictive covenants; minimum liquidity covenant
Outstanding History
Outstanding history(1)
| As of | Event | Outstanding |
|---|---|---|
| 2026-05-07 | Draw | $0.00 Facility established, undrawn at closing |
- 2026-05-07 — $0Part II, Item 5 — Other Information