Financing ·
WhiteFiber's subsidiary signs $300M term loan for NC-1 data center construction
WYFIWhiteFiber, Inc.
On November 9, 2026, Enovum NC-1 Midco, LLC and its direct wholly owned subsidiary, Enovum NC-1 Bidco, LLC (indirect subsidiaries of WhiteFiber), entered into a Term Loan Credit Agreement with Morgan Stanley Senior Funding, Inc. as administrative agent. The agreement provides $300 million in term loan commitments, consisting of a $200 million initial facility and a $100 million delayed-draw facility. Initial funding is contingent on readiness and customer acceptance of the first 40 megawatts at the NC-1 data center in Madison, North Carolina. Proceeds will fund Phase 1 construction costs, required reserves, and transaction expenses. The loans bear interest at Term SOFR plus 6.00% or base rate plus 5.00%, with quarterly amortization beginning after initial funding. WhiteFiber, Inc. does not guarantee the debt. WhiteFiber operates in the data center infrastructure industry.