Fifth Amendment term loan amortization relief
Company: TeraWulf
What the later record shows
Delivered on time · happened March 1, 2023
The Fifth Amendment was entered on March 1, 2023, eliminating mandatory amortization through April 2024, and its condition was satisfied March 9, 2023. The 2023 10-K confirms the relief held and was extended to maturity.
“On March 1, 2023, the Company entered into the Fifth Amendment. The Fifth Amendment eliminates mandatory amortization of the term loans under the LGSA through April 8, 2024”
2023-03-30 · TeraWulf 10-K filed 2023-03-31 View cached copy (2026-09-13)Live source ↗
“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, 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 ↗
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
Fifth Amendment eliminates mandatory amortization of term loan through April 8, 2024
Source (primary)
TeraWulf 10-K filed 2023-03-31 (SEC EDGAR, sec_filing)
View cached copy (2026-09-13)Live source ↗
Quote: “The Term Sheet provided for the elimination of mandatory amortization of the term loan through April 8, 2024”
How we checked this
Checked on October 11, 2026. The cited source supports every part of this claim.
The 10-K says the term sheet for the Fifth Amendment eliminated mandatory amortization through April 8, 2024, and that the amendment became effective March 1, 2023.
Confirmed in the source:
- The term sheet implemented through the Fifth Amendment provided for eliminating mandatory amortization of the term loan through April 8, 2024
- The Fifth Amendment took effect on March 1, 2023 after its conditions precedent were satisfied
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 Term Sheet provided for the elimination of mandatory amortization of the term loan through April 8, 2024”
confirms TeraWulf 10-K filed 2024-03-20
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, subsequent to December 31, 2023, through maturity on December 1, 2024”