Uncommitted $150M accordion added to revolver
Company: TeraWulf
The claim, verbatim
The amendment adds an uncommitted accordion that can raise commitments by another $150 million if more lenders agree and other conditions are met.
Source (primary)
WULF Stock Hits Six-Month Weekly Low As TeraWulf Expands Credit Facility By 60% - Stocktwits (-, news_article)
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Quote: “The amendment adds "an uncommitted accordion" feature that lets commitments go up by another $150 million, but only if more lenders agree to lend more money and other conditions are met.”
How we checked this
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Additional evidence
confirms WULF Stock Hits Six-Month Weekly Low As TeraWulf Expands Credit Facility By 60% - Stocktwits
Quote: “The amendment adds "an uncommitted accordion" feature that lets commitments go up by another $150 million, but only if more lenders agree to lend more money and other conditions are met.”
confirms TeraWulf Expands Revolving Credit Facility to Boost Liquidity - The Globe and Mail
Quote: “introduced an uncommitted accordion feature that could add about $150 million in additional commitments”
confirms TeraWulf Expands Revolving Credit Commitments to About $400 Million - www.tokenpost.com
Quote: “It also provides an uncommitted option to increase commitments by about $150 million, subject to lender availability and other conditions.”