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 up to $165.0 million with CLMG Corp., as administrative agent and collateral agent for the lenders at 12.00% per annum maturing 33 months after the closing date.
- Instrument
- credit facility
- Principal
- up to $165.0 million
- Counterparty
- CLMG Corp., as administrative agent and collateral agent for the lenders
- Rate
- 12.00% per annum
- Maturity
- 33 months after the closing date
- Event
- incurrence
Exact text from the filing
The Beal Credit Agreement provides for a senior secured term loan facility in an aggregate principal amount of up to $165.0 million (the “Total Loan Commitment”).
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
Fermi Inc. entered into Beal Credit Agreement with CLMG Corp., as administrative agent and collateral agent for the lenders, and the lenders party thereto valued at an aggregate principal amount of up to $165.0 million (effective 2026-03-26).
- Action
- entry
- Agreement
- credit facility
- Counterparty
- CLMG Corp., as administrative agent and collateral agent for the lenders, and the lenders party thereto
- Value
- an aggregate principal amount of up to $165.0 million
- Effective
- 2026-03-26
Exact text from the filing
On March 26, 2026, Fermi Turbine Warehouse II LLC (“FTW II”), a Texas limited liability company and indirect wholly owned subsidiary of Fermi, Inc., entered into an Equipment Supply Loan Financing Agreement (the “Beal Credit Agreement”) with CLMG Corp., as administrative agent and collateral agent for the lenders (the “Beal Agent”), and the lenders party thereto (the “Beal Lenders”), to fund the acquisition of six Siemens Energy SGT-800 industrial gas turbines and related equipment for Project Matador (the “Beal Equipment Financing”).
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