secwatch.observer — SEC 8-K summary
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Issuer:     WhiteFiber, Inc. (WYFI)
CIK:        0002042022
Form:       8-K
Filed at:   2026-11-10T11:40:30+00:00
Accession:  0001213900-26-117723
Event type: debt
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 2.03
LLM model:  deepseek-v4.1-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/2042022/000121390026117723/0001213900-26-117723-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/2042022/000121390026117723/ea0311622-8k_whitefiber.htm
  HTML page:      https://secwatch.observer/filing/0001213900-26-117723

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