Under the restructuring signed on Jan. 27, amortization of the term loan will be replaced with a free cash flow sweep mechanism through April 2024, according to a Wednesday press release. TeraWulf will also be able to extend the maturity date of its term term loan to April of 2024, as long as it manages to raise an undisclosed “requisite amount of equity proceeds by March 15, 2023.”
New York Bitcoin Miner TeraWulf Restructures Debt
