DLA Piper advises the initial purchasers in TeraWulf Inc.’s US$1.025 billion convertible notes offering

DLA Piper advised the initial purchasers, led by Morgan Stanley & Co. LLC and Cantor Fitzgerald & Co., in an offering of US$1.025 billion of convertible senior notes by TeraWulf Inc., leading owner and operator of vertically integrated, low-carbon digital infrastructure. The offering consisted of 0.00% convertible senior notes due 2032.

The deal team was co-led by Partners Stephen Alicanti (New York) and Anna Spence (New York/Raleigh) and included Associates Bianca LaCaille, Anna Johansen (both Seattle), and Alexander Grynszpan (New York). Partner Kurtis Weaver (Boston) and Associate Molly McBride (Los Angeles) advised on tax matters.

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