Term Loan debt financing closed December 1, 2021
Company: TeraWulf
The claim, verbatim
TeraWulf closed Term Loan financing of $123.5 million at 11.5% interest with quarterly payments
Source (primary)
TeraWulf 10-K filed 2022-03-31 (SEC EDGAR, sec_filing)
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Quote: “the Company's term loan financing in the principal amount of $123.5 million, which was closed on December 1, 2021 (the "Term Loan"). The Term Loans bear an interest rate of 11.5%, which interest payments are due quarterly in arrears.”
How we checked this
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Additional evidence
confirms TeraWulf 10-K filed 2022-03-31
Quote: “the Company's term loan financing in the principal amount of $123.5 million, which was closed on December 1, 2021 (the "Term Loan"). The Term Loans bear an interest rate of 11.5%, which interest payments are due quarterly in arrears.”