Initial $200M NC-1 loan funding within 30 days of closing
Company: WhiteFiber
The claim, verbatim
No loans have been funded yet. The $200 million initial term loan is scheduled to fund within 30 days of closing, with up to two 30-day extensions. Funding depends on readiness and customer acceptance of NC-1's first 40 MW, a mortgage on the site, and other conditions.
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: “Initial funding depends on the readiness and customer acceptance of the first 40 MW of capacity at NC-1, a mortgage on the site and other conditions, and is scheduled within 30 days of closing, with up to two 30-day extensions”
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: “Initial funding depends on the readiness and customer acceptance of the first 40 MW of capacity at NC-1, a mortgage on the site and other conditions, and is scheduled within 30 days of closing, with up to two 30-day extensions”