FINWIRES · TerminalLIVE
FINWIRES

Market Chatter: TeraWulf Plans to Raise $3.5 Billion in Debt for Kentucky AI Data Center

By

TeraWulf (WULF) is planning to raise about $3.5 billion in debt to build an AI data center in Hawesville, Kentucky, Bloomberg News reported Thursday, citing Chief Financial Officer Patrick Fleury.

The financing is expected to launch later this year and include both leveraged loans and high-yield bonds with Morgan Stanley (MS) slated to run the deal, the report said.

On Monday, TeraWulf said it secured a 20-year lease agreement with Amazon.com-backed (AMZN) Anthropic for the Kentucky campus.

TeraWulf didn't immediately reply to a request for comment from.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Price: $24.50, Change: $+1.67, Percent Change: +7.31%

Related Articles

Treasury

Seanergy Maritime Prices Unsecured Bonds

Seanergy Maritime (SHIP) said late Wednesday it has priced a 100 million euros ($114.2 million) offering of 4.90% unsecured bonds due July 2031 at par of principal value to investors in Greece.Settlement is expected on July 10, with trading set to start on July 13 on Euronext Athens, the company said.The firm said it plans to use the proceeds for newbuilding of vessels, and/or buying second-hand vessel, as well as for general corporate and working capital purposes.

$SHIP
Treasury

US Treasury Closing Levels

3:00 Wednesday vs 3:00 Tuesday2yr 99-27 vs 99-29; 4.199% vs 4.160%5yr 99-05 vs 99-12; 4.308% vs 4.255%10yr 98-15+ vs 98-24; 4.565% vs 4.529%30yr 99-00+ vs 99-09+; 5.063% vs 4.503%2/10 36.364 bps vs 36.505 bps5/30 75.490 bps vs 78.597 bps

Treasury

US 10-Year Auction High Yield Rises From Previous Auction, Demand Higher

The US Treasury's 10-year auction hit a high yield of 4.580% on Wednesday, up from the 4.538% high in the previous auction.The bid to cover ratio for the auction was 2.59, above the 2.57 ratio in the previous auction.Dealers represented 54.70% of the bids, with direct bidders at 7.76% and indirect bidders at 37.53%.For takedown, dealers took 7.78%, with direct bidders at 10.73% and indirect bidders at 81.49%.