secwatch.observer — SEC 8-K summary
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Issuer:     Fermi Inc. (FRMI)
CIK:        0002071778
Form:       8-K
Filed at:   2026-02-10T23:59:59+00:00
Accession:  0001213900-26-014270
Event type: debt
Sentiment:  positive
Materiality: 0.65
Item codes: 1.01, 2.03, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/2071778/000121390026014270/0001213900-26-014270-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/2071778/000121390026014270/ea0276274-8k_fermi.htm
  HTML page:      https://secwatch.observer/filing/0001213900-26-014270

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