Fifth Amendment to Loan Agreement - amortization relief through April 2024
Company: TeraWulf
What the later record shows
Delivered on time · happened March 9, 2023
The Amortization Relief Condition was satisfied on March 9, 2023. Later filings confirm fixed amortization was removed through April 2024 and then through maturity.
“The Company satisfied the Amortization Relief Condition on March 9, 2023.”
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
The Fifth Amendment eliminates mandatory amortization of term loans through April 8, 2024, contingent on achieving a previously disclosed capital raise condition, which the Company satisfied on March 9, 2023.
Source (primary)
TeraWulf 8-K filed 2023-03-10 (SEC EDGAR, sec_filing)
View cached copy (2026-09-13)Live source ↗
Quote: “The Fifth Amendment eliminates mandatory amortization of the term loans under the Loan Agreement through April 8, 2024, as long as the Company achieves the previously disclosed capital raise condition for amortization relief (the "Amortization Relief Condition"). The Company satisfied the Amortization Relief Condition on March 9, 2023.”
How we checked this
Checked on October 11, 2026. The cited source supports every part of this claim.
The 8-K states that the Fifth Amendment eliminates mandatory term loan amortization through April 8, 2024 if a previously disclosed capital raise condition is met. It also states the Company satisfied that condition on March 9, 2023.
Confirmed in the source:
- TeraWulf entered into a Fifth Amendment to its Loan, Guaranty and Security Agreement
- The Fifth Amendment eliminates mandatory amortization of the term loans under the Loan Agreement through April 8, 2024
- The amortization relief is contingent on the Company achieving a previously disclosed capital raise condition (the Amortization Relief Condition)
- The Company satisfied the Amortization Relief Condition on March 9, 2023
What we did: Read our cached copy of SEC EDGAR (https://www.sec.gov/Archives/edgar/data/1083301/000110465923031153/tm239159d1_8k.htm) in full (7,211 characters, retrieved September 13, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms TeraWulf 8-K filed 2023-03-10
Quote: “The Fifth Amendment eliminates mandatory amortization of the term loans under the Loan Agreement through April 8, 2024, as long as the Company achieves the previously disclosed capital raise condition for amortization relief (the "Amortization Relief Condition"). The Company satisfied the Amortization Relief Condition on March 9, 2023.”
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”
confirms TeraWulf 10-K filed 2023-03-31
Quote: “The Company satisfied the Amortization Relief Condition on March 9, 2023.”