TeraWulf Completes $3.2 Billion Senior Secured Notes Offering

Paul, Weiss advised TeraWulf Inc., a leading owner and operator of vertically integrated, low-carbon digital infrastructure, on its $3.2 billion private offering of 7.75% senior secured notes due 2030. Morgan Stanley served as sole bookrunner for the offering. TeraWulf will use the proceeds of the offering to finance a portion of its previously announced data center expansion.

The Paul, Weiss team was led by corporate partners David Huntington and Mark Wlazlo and included real estate partners Matthew Dulak and Harris Freidus; and tax partner Reuven Garrett.