$100M delayed-draw term loan tied to NC-1 Phase 1 completion
Company: WhiteFiber
The claim, verbatim
The $100.0 million delayed-draw facility becomes available after initial funding and three months of financial statements, and its availability ends six months after initial funding. Draws require final completion of the first 40 MW phase of NC-1 and pro forma financial tests.
Source (primary)
WhiteFiber 8-K filed 2026-11-10 (SEC EDGAR, sec_filing)
View cached copy (2026-11-11)Live source ↗
Quote: “Delayed-draw borrowings are subject to final completion of the first 40-megawatt phase of the NC-1 data center project, pro forma financial tests and other conditions.”
How we checked this
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Additional evidence
confirms WhiteFiber 8-K filed 2026-11-10
Quote: “Delayed-draw borrowings are subject to final completion of the first 40-megawatt phase of the NC-1 data center project, pro forma financial tests and other conditions.”