$100M delayed-draw tranche conditional on Phase 1 completion
Company: WhiteFiber
The claim, verbatim
The $100 million delayed-draw tranche requires final completion of the 40 MW first phase of NC-1 and pro forma financial tests.
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: “The delayed draw requires final completion of the 40 MW first phase and pro forma financial tests”
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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: “The delayed draw requires final completion of the 40 MW first phase and pro forma financial tests”