Fifth Amendment amortization relief for term loans
Company: TeraWulf
What the later record shows
Delivered on time · happened February 29, 2024
Relief through April 2024 was in place. In February 2024, the company repaid $40 million, which automatically extended the relief to the loans' December 1, 2024 maturity.
“In February 2024, the Company achieved aggregate repayment of $40.0 million of the principal balance of the Term Loans, thereby automatically extending the excess cash flow sweep to December 1, 2024”
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
TeraWulf entered into the Fifth Amendment and achieved amortization relief for its term loans until at least April 2024, with possibility of extending such relief until the maturity date of the term loans
Source (primary)
TeraWulf 10-K filed 2023-03-31 (SEC EDGAR, sec_filing)
View cached copy (2026-09-13)Live source ↗
Quote: “the Company entered into the Fifth Amendment pursuant to which it achieved amortization relief for its term loans until at least April 2024 with the possibility of extending amortization relief until the maturity date of the term loans”
How we checked this
Checked on October 11, 2026. The cited source supports every part of this claim.
The risk factors section of the 10-K states this directly.
Confirmed in the source:
- TeraWulf entered into the Fifth Amendment to its loan agreement
- Under the Fifth Amendment it obtained amortization relief on its term loans until at least April 2024
- The relief may be extended until the term loans' maturity date
What we did: Read our cached copy of SEC EDGAR (https://www.sec.gov/Archives/edgar/data/1083301/000155837023005301/wulf-20221231x10k.htm) in full (569,235 characters, retrieved September 13, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms TeraWulf 10-K filed 2023-03-31
Quote: “the Company entered into the Fifth Amendment pursuant to which it achieved amortization relief for its term loans until at least April 2024 with the possibility of extending amortization relief until the maturity date of the term loans”
confirms TeraWulf 10-K filed 2024-03-20
Quote: “In February 2024, the Company achieved aggregate repayment of $40.0 million of the principal balance of the Term Loans, thereby automatically extending the excess cash flow sweep to December 1, 2024”