Long-term debt principal amortization suspension
Company: TeraWulf
What the later record shows
Delivered on time · happened February 29, 2024
The 10-K confirms fixed amortization was removed through April 7, 2024. After December 31, 2023 the removal was extended through maturity on December 1, 2024, once the $40 million repayment was made in February 2024.
“remove the fixed principal amortization through April 7, 2024 and, subsequent to December 31, 2023, through maturity on December 1, 2024”
2024-03-19 · TeraWulf 10-K filed 2024-03-20 View cached copy (2026-09-13)Live source ↗
“In February 2024, the Company repaid $ 40.0 million of the principal balance of the Term Loans, in the aggregate, thereby automatically extending the excess cash flow sweep to the maturity of the Term Loans”
2024-03-19 · TeraWulf 10-K filed 2024-03-20 View cached copy (2026-09-13)Live source ↗
Checked October 9, 2026 against filings, releases and reporting published after the claim was made. Quotes are verbatim from the linked documents.
The claim, verbatim
The company amended its long-term debt agreement to remove fixed principal amortization through April 7, 2024 and potentially through maturity
Source (primary)
TeraWulf 10-Q/A filed 2023-11-22 (SEC EDGAR, sec_filing)
View cached copy (2026-09-13)Live source ↗
Quote: “the Company amended its long-term debt agreement (see Note 9) to, among other changes, remove the fixed principal amortization through April 7, 2024 and, potentially, through maturity”
How we checked this
Checked on October 11, 2026. The cited source supports every part of this claim.
The filing states the company amended its long-term debt agreement to remove fixed principal amortization through April 7, 2024 and, potentially, through maturity. Note 9 adds that the extension to maturity depends on repaying at least $40 million of principal by April 1, 2024.
Confirmed in the source:
- The company amended its long-term debt agreement (the LGSA, via the March 2023 Fifth Amendment)
- The amendment removed fixed principal amortization through April 7, 2024
- The amortization relief could potentially extend through maturity (if at least $40.0 million of principal is repaid by April 1, 2024)
What we did: Read our cached copy of SEC EDGAR (https://www.sec.gov/Archives/edgar/data/1083301/000108330123000060/wulf-20230930.htm) in full (293,089 characters, retrieved September 13, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms TeraWulf 10-Q/A filed 2023-11-22
Quote: “the Company amended its long-term debt agreement (see Note 9) to, among other changes, remove the fixed principal amortization through April 7, 2024 and, potentially, through maturity”
confirms TeraWulf 10-K filed 2024-03-20
Quote: “remove the fixed principal amortization through April 7, 2024 and, subsequent to December 31, 2023, through maturity on December 1, 2024”