Revolver amendment adds $150M accordion, removes LC cap
Company: TeraWulf
The claim, verbatim
The amendment adds an uncommitted accordion that could raise commitments by another $150 million, subject to lender agreement and other conditions. It also removes the $150 million limit on letters of credit.
Source (primary)
WULF Stock Hits Six-Month Weekly Low As TeraWulf Secures Larger Credit Line For AI Data Center Expansion - TradingView (-, 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.”
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Additional evidence
confirms WULF Stock Hits Six-Month Weekly Low As TeraWulf Secures Larger Credit Line For AI Data Center Expansion - TradingView
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.”