debt
confidence high
sentiment negative
materiality 0.80
New Era Energy secures up to $290M term loan from Macquarie; shareholder class action filed
New ERA Energy & Digital, Inc.
- Term loan facility of up to $290M in four tranches with Macquarie Equipment Capital; matures April 2029.
- Interest at Term SOFR plus 5.50% (A-1/A-2) or 7.75% (A-3/Delayed Draw); includes MOIC premium on prepayment.
- Company must close an underwritten equity offering of at least $30M within 60 days of closing.
- Warrants for up to 1,164,144 shares issued at 120% of VWAP (floor $4.30); 1,000,520 shares sold at $5.00 each.
- Securities class action lawsuit filed April 1, 2026 alleging violations from Nov 2024 to Dec 2025.
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