Fermi Inc. Secures $120 Million Senior Secured Credit Facility for Project Matador

Reuters02-26

<a href="https://laohu8.com/S/FRMI">Fermi Inc.</a> Secures $120 Million Senior Secured Credit Facility for Project Matador

Fermi Inc. disclosed that its subsidiary, Fermi High Voltage Warehouse LLC, entered into a master loan agreement on Feb. 19, 2026, establishing a senior secured credit facility of up to $120 million to finance equipment purchases for the company’s Project Matador. The facility includes an accordion feature allowing up to an additional $100 million, with advances generally capped at 80% of equipment purchase price and requiring a 20% equity contribution. Two promissory notes under the facility mature on Aug. 19, 2031 and bear interest at 12.90% per year.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Fermi Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001213900-26-020399), on February 25, 2026, and is solely responsible for the information contained therein.

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Secures $120 Million Senior Secured Credit Facility for Project Matador","media":"Reuters","content":"<html xmlns=\"http://www.w3.org/1999/xhtml\" xmlns:newsg2=\"http://iptc.org/std/nar/2006-10-01/\" xmlns:xhtml=\"http://www.w3.org/1999/xhtml\"><head><title>\n      <a href=\"https://laohu8.com/S/FRMI\">Fermi Inc.</a> Secures $120 Million Senior Secured Credit Facility for Project Matador\n    </title></head><body><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<p>\n        Fermi Inc. disclosed that its subsidiary, Fermi High Voltage Warehouse LLC, entered into a master loan agreement on Feb. 19, 2026, establishing a senior secured credit facility of up to $120 million to finance equipment purchases for the company’s Project Matador. The facility includes an accordion feature allowing up to an additional $100 million, with advances generally capped at 80% of equipment purchase price and requiring a 20% equity contribution. 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