DLA Piper advised the initial purchasers, led by Morgan Stanley & Co. LLC and Cantor Fitzgerald & Co., in an upsized offering of US$1 billion for TeraWulf Inc., a leading owner and operator of vertically integrated, predominantly zero-carbon digital infrastructure. The offering consisted of 1.00% convertible senior notes due 2031.
The core deal team was co-led by Partners Stephen Alicanti (New York) and Anna Spence (New York/Raleigh) and included Associates Bianca LaCaille and Anna Johansen (both Seattle), and Jordyn Giannone and Alexander Grynszpan (both New York). Partner Marc Horwitz and Associate James Spaulding (both Chicago) advised on equity derivatives matters. Partner Kurtis Weaver (Boston) and Associate Molly McBride (Los Angeles) advised on tax matters.
DLA Piper’s global capital markets team represents issuers and underwriters in registered and unregistered equity, equity-linked and debt capital markets transactions, including initial public offerings, follow-on equity offerings, equity-linked securities offerings, and offerings of investment grade and high-yield debt securities.