NC-1 AI Data Center Buildout

awarded

WhiteFiber, Inc. has secured a $100 million delayed draw term loan facility, expandable to $150 million, to support the buildout of the first phase of its NC-1 high-performance computing data center located in Madison, North Carolina, as well as other growth initiatives. The loan facility has a nine-month term, extendable by three months, with an interest rate starting at 9.5% per annum, stepping down to 8% after substantial completion and lease-up milestones. The loan is secured by equity in Enovum NC-1 Topco, Inc. and guaranteed by White Fiber Operating Partnership LP. A $20 million portion of the loan was assigned to B. Riley Securities, Inc. on identical economic terms for a 90-day term.