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New Era Energy & Digital secures $290M loan for Texas data center project

Company Fundamentals
08 Apr 2026
Proactive Investors
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Bullish
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New Era Energy & Digital has closed a $290 million senior secured term loan with Macquarie Group to fund its Texas Critical Data Center project. The multi-tranche loan includes various term loans and a delayed draw term loan, maturing in three years. Funds will be used for corporate purposes, including property acquisition and improvements related to the data center, and possible debt repayment. Macquarie will also invest $5 million in common stock at a premium and acquire warrants for an additional $5 million in shares.

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