---
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"
generated_at: "2026-11-10T11:45:06.313550+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# WhiteFiber units sign $300M term loan for NC-1 data center; $200M initial, $100M delayed-draw

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: debt
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 1.01, 2.03
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-26-117723
- JSON: https://secwatch.observer/filing/0001213900-26-117723.json
- Plain text: https://secwatch.observer/filing/0001213900-26-117723.txt

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