$360.7M letters of credit posted for Muskie collateral
Company: TeraWulf
The claim, verbatim
In July, TeraWulf posted $360.7 million in letters of credit for collateral under Muskie's energy service and transmission agreements; $74 million from the revolver and $286.7 million from a separate LC facility backed by $295.3 million in cash collateral.
Source (primary)
TeraWulf Expands Revolving Credit Commitments to About $400 Million - www.tokenpost.com (-, news_article)
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Quote: “In July, TeraWulf posted $360.7 million in letters of credit for collateral requirements under Muskie’s energy service and transmission agreements.”
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Additional evidence
confirms TeraWulf Expands Revolving Credit Commitments to About $400 Million - www.tokenpost.com
Quote: “In July, TeraWulf posted $360.7 million in letters of credit for collateral requirements under Muskie’s energy service and transmission agreements.”