$300M Morgan Stanley project loan for NC-1
Company: WhiteFiber
The claim, verbatim
Two indirect subsidiaries, Enovum NC-1 Midco and Enovum NC-1 Bidco, entered a $300 million term loan credit agreement on Nov. 9 with Morgan Stanley Senior Funding as administrative and collateral agent; the loan is not guaranteed by WhiteFiber Inc.
Source (primary)
WhiteFiber lines up a $300 million Morgan Stanley loan for its North Carolina AI data center - MLQ.ai (-, news_article)
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Quote: “Two Enovum NC-1 subsidiaries signed a $300 million term loan ($200 million initial, $100 million delayed draw) with Morgan Stanley Senior Funding as agent and lead arranger”
How we checked this
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Additional evidence
confirms WhiteFiber lines up a $300 million Morgan Stanley loan for its North Carolina AI data center - MLQ.ai
Quote: “Two Enovum NC-1 subsidiaries signed a $300 million term loan ($200 million initial, $100 million delayed draw) with Morgan Stanley Senior Funding as agent and lead arranger”