secwatch / observer
8-K filed February 25, 2026, 6:59 PM ET ticker FRMI CIK 0002071778
debt confidence high sentiment neutral materiality 0.90

Fermi Inc. (FRMI): debt financing — Fermi Inc. subsidiary enters $120M credit facility for Project Matador equipment

Fermi Inc.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

Fermi Inc. incurred credit facility of $120,000,000 with Keystone National Group, LLC (as Agent) and Keystone Private Income Fund (as Initial Lender) at 12.90% per annum maturing August 19, 2031.

Instrument
credit facility
Principal
$120,000,000
Counterparty
Keystone National Group, LLC (as Agent) and Keystone Private Income Fund (as Initial Lender)
Rate
12.90% per annum
Maturity
August 19, 2031
Event
incurrence
Exact text from the filing
have the meaning given to them in the Credit Agreement. The Credit Agreement provides for a senior secured credit facility (the “Loan”) in an aggregate principal amount of $120,000,000 (the “Maximum Principal Amount”), which may be increased by an additional $100,000,000 subject to the terms and conditions of the Credit Agreement, to be advanced by the Lenders
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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Fermi Inc. entered into Credit Agreement with Keystone National Group, LLC, Keystone Private Income Fund, Cape Commercial Finance LLC valued at $120,000,000 (effective 2026-02-19).

Action
entry
Agreement
credit facility
Counterparty
Keystone National Group, LLC, Keystone Private Income Fund, Cape Commercial Finance LLC
Value
$120,000,000
Effective
2026-02-19
Exact text from the filing
On February 19, 2026, Fermi High Voltage Warehouse LLC (the “Borrower”), a Texas limited liability company, entered into a Master Loan Agreement (the “Credit Agreement”) with Keystone National Group, LLC, a Delaware limited liability company, as collateral agent and administrative agent (the “Agent”) for the lenders from time to time party thereto (each, a “Lender”), Keystone Private Income Fund (the “Initial Lender”), and Cape Commercial Finance LLC (“CCF”), as sole arranger (the “Sole Arranger”).
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Fermi Inc. filing history →

Source: SEC EDGAR
accession 0001213900-26-020399
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