---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-26-014270"
form_type: "8-K"
ticker: "FRMI"
cik: "0002071778"
company_name: "Fermi Inc."
filed_at: "2026-02-10T23:59:59+00:00"
generated_at: "2026-05-16T03:41:37.417840+00:00"
event_type: "debt"
sentiment: "positive"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Fermi secures $500M MUFG equipment loan for 11GW Project Matador turbines

## Summary
- $500M senior secured equipment warehouse facility from MUFG at SOFR + 4.0% p.a., 18-month maturity.
- Proceeds fund three Siemens Energy SGT6-5000F gas turbines ($168.3M to Siemens) and refinance existing term loan.
- Turbine deliveries start as early as 1H 2026; total controlled generation capacity exceeds 2 GW.
- Loan-to-value requirements: 65% delivered, 55% undelivered; quarterly principal payments begin after 9 months.
- Financing strengthens execution certainty for first 2.3 GW of the 11 GW private grid campus.

## SEC filing metadata
- accession: 0001213900-26-014270
- form_type: 8-K
- ticker: FRMI
- cik: 0002071778
- company_name: Fermi Inc.
- filed_at: 2026-02-10T23:59:59+00:00
- event_type: debt
- sentiment: positive
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.01, 2.03, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/2071778/000121390026014270/0001213900-26-014270-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/2071778/000121390026014270/ea0276274-8k_fermi.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-26-014270
- JSON: https://secwatch.observer/filing/0001213900-26-014270.json
- Plain text: https://secwatch.observer/filing/0001213900-26-014270.txt

## Source-grounded claims
- claim_id: 5502de75a558062e97c03c711ba313269f62df1a
  claim: Fermi Inc. incurred credit facility of up to $500,000,000 with MUFG Bank, Ltd. at Term SOFR rate for the applicable interest period plus 4.0% per annum, or Daily maturing eighteen-month anniversary of the Closing Date.
  evidence_excerpt: capacity, “Administrative Agent”) and sole lender. The Credit Agreement provides for a senior secured equipment loan warehouse facility in an aggregate principal amount of up to $500,000,000 (the “Total Loan Commitment”). Borrowings under the Credit Agreement may be made from the Closing Date through the nine-month anniversary of the Closing Date. Each loan under the
  evidence_url: https://www.sec.gov/Archives/edgar/data/2071778/000121390026014270/0001213900-26-014270-index.htm
- claim_id: 265af269a01e32d1f0d66f0d36651e02c2bcba3b
  claim: Fermi Inc. entered into Credit Agreement with MUFG Bank, Ltd. valued at $500,000,000 (effective 2026-02-10).
  evidence_excerpt: and sole lender. The Credit Agreement provides for a senior secured equipment loan warehouse facility in an aggregate principal amount of up to $500,000,000
  evidence_url: https://www.sec.gov/Archives/edgar/data/2071778/000121390026014270/0001213900-26-014270-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.