---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-26-107704"
form_type: "8-K"
ticker: "NUAI"
cik: "0002028336"
company_name: "New ERA Energy & Digital, Inc."
filed_at: "2026-10-08T10:02:33+00:00"
generated_at: "2026-10-12T15:41:00.420012+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# New Era Energy units sign $116M Macquarie letter of credit facility; warrants issued at $7.26

## Summary
- TCDC PowerCo and Texas Critical Data Centers entered a reimbursement agreement with Macquarie Bank for a $116.0M standby letter of credit favoring Luminant ET Services.
- Cash collateral must be at least 102% of the undrawn face amount, about $118.3M at issuance; $60.0M came from Term Loan A-2/A-3 draws.
- PowerCo must reimburse drawings at 12% interest; TCDC guarantees; fees include 1.00% fronting fee and 2.00% annual letter of credit fee.
- Lender received warrants for 413,055 shares at about $7.26, issued under Section 4(a)(2); company expects to refinance Term Loan Agreement borrowings.
- Company will pursue hyperscale tenant leases for the Texas Critical Data Center project directly instead of via a joint venture with a data center developer.

## SEC filing metadata
- accession: 0001213900-26-107704
- form_type: 8-K
- ticker: NUAI
- cik: 0002028336
- company_name: New ERA Energy & Digital, Inc.
- filed_at: 2026-10-08T10:02:33+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 1.01, 2.03, 3.02, 8.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/2028336/000121390026107704/0001213900-26-107704-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/2028336/000121390026107704/ea0308042-8k_newera.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-26-107704
- JSON: https://secwatch.observer/filing/0001213900-26-107704.json
- Plain text: https://secwatch.observer/filing/0001213900-26-107704.txt

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