{"schema_version":"secwatch.filing_event.v1","accession":"0001213900-26-117723","form_type":"8-K","ticker":"WYFI","cik":"0002042022","company_name":"WhiteFiber, Inc.","filed_at":"2026-11-10T11:40:30+00:00","discovered_at":"2026-11-10T11:45:00.158412+00:00","generated_at":"2026-11-10T11:45:06.313550+00:00","sec_items":["1.01","2.03"],"event_type":"debt","sentiment":"neutral","materiality_score":0.55,"calibrated_materiality_score":0.55,"confidence":"high","headline":"WhiteFiber units sign $300M term loan for NC-1 data center; $200M initial, $100M delayed-draw","bullets":["Enovum NC-1 Midco (Holdings) and Enovum NC-1 Bidco (Borrower) signed a $300.0M term loan credit agreement with Morgan Stanley Senior Funding as admin/collateral agent and lead arranger.","Initial funding requires readiness and customer acceptance of the first 40 MW at the NC-1 data center in Madison, North Carolina; no loans had been funded as of the report.","Interest at Term SOFR (2.00% floor) plus 6.00%, or base rate (3.00% floor) plus 5.00%; facilities mature on the fifth anniversary of initial funding.","Quarterly amortization of 2.50% of funded principal starts quarter ending March 31, 2027; make-whole premium before the 2nd anniversary, then 2.00% and 1.00% step-downs.","Proceeds fund Phase 1 construction, punch-list, reserves and expenses; debt is not guaranteed by WhiteFiber, but the Operating Partnership must guarantee Phase 1 completion."],"urls":{"canonical":"https://secwatch.observer/filing/0001213900-26-117723","json":"https://secwatch.observer/filing/0001213900-26-117723.json","markdown":"https://secwatch.observer/filing/0001213900-26-117723.md","text":"https://secwatch.observer/filing/0001213900-26-117723.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/2042022/000121390026117723/0001213900-26-117723-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/2042022/000121390026117723/ea0311622-8k_whitefiber.htm"},"model":{"generated_by":"deepseek-v4.1-flash:cloud@v2","generated_at":"2026-11-10T11:45:06.313550+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}