secwatch.observer — SEC 8-K summary
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Issuer:     New ERA Energy & Digital, Inc. (NUAI)
CIK:        0002028336
Form:       8-K
Filed at:   2026-10-08T10:02:33+00:00
Accession:  0001213900-26-107704
Event type: debt
Sentiment:  neutral
Materiality: 0.85
Item codes: 1.01, 2.03, 3.02, 8.01
LLM model:  deepseek-v4.1-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/2028336/000121390026107704/0001213900-26-107704-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/2028336/000121390026107704/ea0308042-8k_newera.htm
  HTML page:      https://secwatch.observer/filing/0001213900-26-107704

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