TeraWulf Explores Leveraged Loans for AI Buildout After Junk Bond Win
Updated
Updated · Bloomberg · Jun 5
TeraWulf Explores Leveraged Loans for AI Buildout After Junk Bond Win
3 articles · Updated · Bloomberg · Jun 5
Summary
TeraWulf is working with Morgan Stanley and other banks to develop leveraged loan products as it seeks fresh funding for its AI infrastructure expansion.
Patrick Fleury, the company’s CFO, said the next financing will still most likely be a high-yield bond, though a loan is now also under active consideration.
The move follows TeraWulf’s landmark junk bond sale, which gave the data center firm a market foothold as it broadens funding options for future buildout.