New Era Energy & Digital Closes Multi-Tranche $290 Million Senior Secured Term Loan Credit Facility with Macquarie Group to Finance Texas Critical Data Center Flagship Project

Rhea-AI Summary

New Era Energy & Digital (NASDAQ: NUAI) closed a multi-tranche $290 million senior secured term loan with Macquarie to finance its Texas Critical Data Center flagship project. Tranches total $20M, $30M, $40M and a $200M delayed draw; maturity is three years from closing.

The facility includes a $5M Macquarie common-stock purchase at a 20% premium (initial price $5.00) and warrants to buy up to $5M of stock (initial exercise $5.00; floor $4.30). Proceeds will fund acquisitions, improvements, equipping and potential debt repayment.

Positive

• Up to $290M senior secured term loan facility secured
• Equity commitment $5M from Macquarie at a 20% premium
• Warrants up to $5M issued pro-rata across first $50M drawn
• Three-year maturity provides medium-term financing runway

Negative

• Potential dilution from $5M equity purchase plus $5M warrants
• $200M delayed draw subject to conditions precedent, creating funding uncertainty
• Proceeds may be used to repay existing indebtedness, indicating leverage reallocation

News Market Reaction – NUAI

+6.04% 4.6x vol

43 alerts

+6.04% Session close to close

+20.1% Peak Tracked

-22.5% Trough Tracked

$261.17M Market Cap

4.6x Rel. Volume

In the Apr 9 session, NUAI gained 6.04%, reflecting a notable positive market reaction. Argus tracked a peak move of +20.1% during that session. Argus tracked a trough of -22.5% from its starting point during tracking. Our momentum scanner triggered 43 alerts that day, indicating elevated trading interest and price volatility. Trading volume was very high at 4.6x the daily average, suggesting strong buying interest.

Data tracked by StockTitan Argus on the day of publication.

Market Context

The stock moved +6.0% in the session following this news. A strong positive reaction aligns with NUA...

Analysis

The stock moved +6.0% in the session following this news. A strong positive reaction aligns with NUAI’s pattern of responding well to clear funding and partnership milestones, as seen after prior TCDC updates with moves of up to 7.55%. The new $290 million senior secured term loan and Macquarie’s $5 million equity and warrant participation strengthen project visibility. Investors would still need to weigh ongoing registration activity under the effective S-3/A and execution risks around TCDC build-out.

Key Figures

Term loan facility: $290 million Term Loan A-1: $20 million Term Loan A-2: $30 million +5 more

8 metrics

Term loan facility $290 million Multi-tranche senior secured term loan for TCDC project financing

Term Loan A-1 $20 million Committed tranche under senior secured term loan facility

Term Loan A-2 $30 million Additional tranche under TCDC project term loan structure

Term Loan A-3 $40 million Further tranche under senior secured project term loan

Delayed Draw Loan $200 million Delayed draw term loan tranche, subject to conditions precedent

Macquarie equity buy $5 million Common stock purchase by Macquarie at 20% VWAP premium

Equity price $5.00 per share Macquarie stock purchase price based on Apr 7, 2026 close

Warrants capacity $5 million Warrants to purchase common stock issued to Macquarie

Historical Context

5 past events · Latest: Apr 01 (Positive)

Pattern 5 events

Date	Event	Sentiment	24h Move	Catalyst
Apr 01	TCDC JV partnership	Positive	+5.9%	Non-binding JV LOI with Stream Data Centers for 1+ GW TCDC campus.
Mar 16	CFO appointment	Positive	+7.5%	New CFO and sizable RSU/PSU inducement awards tied to TCDC milestones.
Mar 11	Annual report filing	Neutral	-6.5%	Form 10-K filing and scheduled business update call on strategy and results.
Feb 27	Generation plan	Positive	-7.1%	Announcement of 450 MW behind-the-meter generation plan for TCDC campus.
Feb 26	Corridor land LOI	Positive	+0.6%	LOI to acquire 54-acre corridor to strengthen TCDC power integration.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Pattern Detected

Positive strategic and partnership updates have often coincided with price gains, while some core TCDC build‑out announcements have seen negative reactions.

Recent Company History

Over recent months, NUAI has issued a series of updates tied to its Texas Critical Data Centers (TCDC) build‑out and corporate repositioning. A partnership LOI for the TCDC campus on Apr 1, 2026 and the CFO appointment on Mar 16, 2026 both saw positive price reactions. In contrast, the 450 MW behind‑the‑meter generation plan on Feb 27, 2026 and the Form 10‑K filing on Mar 11, 2026 were followed by selloffs. Today’s project‑level term loan financing continues the theme of capital formation and infrastructure build for TCDC.

Key Terms

senior secured term loan, credit facility, delayed draw term loan, matures, +4 more

8 terms

senior secured term loan financial

"Establishes a multi-tranche senior secured term loan credit facility of up to $290 million"

A senior secured term loan is a type of borrowing where a company borrows money and promises to pay it back over a fixed period, with the loan secured by the company's assets as collateral. Because it is "senior," it has priority over other debts if the company faces financial trouble, and being "secured" means lenders have a claim on specific assets. For investors, this makes the loan a safer and more predictable investment compared to unsecured or subordinate debts.

credit facility financial

"senior secured term loan credit facility of up to $290 million to finance"

A credit facility is a flexible loan arrangement that allows a borrower to access funds up to a set limit whenever needed, similar to a company having an overdraft option on a bank account. It matters to investors because it indicates how easily a business can secure cash when required, affecting its ability to manage expenses, invest, or respond to financial challenges.

delayed draw term loan financial

"and a $200 million Delayed Draw Term Loan, subject to the satisfaction"

A delayed draw term loan is a financing agreement that lets a borrower take one or more lump-sum loans from a lender at agreed future dates within a set time window instead of receiving all funds up front. It matters to investors because it changes when and how much debt a company will carry, affecting cash flexibility, interest costs and risk exposure—think of it like an approved credit line you only tap when you need cash for a project.

matures financial

"The Term Loans matures on the three-year anniversary of the closing date."

When a bond, loan, or other timed financial obligation "matures" it reaches the end of its agreed term and the borrower must settle what is owed—typically repaying the principal and any final interest. For investors this matters because maturity triggers a return of capital or settlement, affects cash flow and reinvestment choices, and is the moment when credit risk (whether the borrower can pay) is realized.

volume weighted average price financial

"equal to a 20% premium to the 5-day volume weighted average price of the Company’s"

The volume weighted average price (VWAP) is a way to measure the average price of a security, such as a stock, over a specific period, taking into account how many units were traded at each price. It’s similar to calculating the average cost of items bought when some are more frequently purchased than others. Investors use VWAP to assess whether a security is being bought or sold at a fair price during trading.

warrants financial

"the Company will sell to Macquarie warrants to purchase up to $5 million of shares"

Warrants are special documents that give you the right to buy a company's stock at a set price before a certain date. They are often used as a way for companies to attract investors or raise money, and their value can increase if the company's stock price goes up.

View in glossary

exercise price financial

"at an exercise price equal to a 20% premium to the 5-day volume weighted"

The exercise price is the fixed amount at which you can buy or sell an asset, like a stock, when using an options contract. It matters because it helps determine whether exercising the option will be profitable or not, depending on the current market price. Think of it as the set price you agree on today to buy or sell later.

floor price financial

"at an exercise price ... subject to a floor price of $4.30."

The floor price is the minimum price at which a security, asset, or offering will be sold or accepted, acting like a seller’s “bottom line” or a reserve in an auction. For investors it matters because it sets a visible downside limit and can influence trading, valuation, and expectations of risk—like knowing there’s a safety net that a sale won’t go below a set level.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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• Establishes a multi-tranche senior secured term loan credit facility of up to $290 million to finance the development and construction of its flagship Texas Critical Data Center Project.
• Proceeds to be used for general corporate purposes, including funding the acquisition, improvement, and equipping of properties for TCDC’s flagship project.

MIDLAND, Texas, April 08, 2026 (GLOBE NEWSWIRE) -- New Era Energy & Digital, Inc. (Nasdaq: NUAI) (“New Era” or the “Company”), a developer and operator of next-generation digital infrastructure and integrated power assets in the Permian Basin, today announced that it, through its subsidiary, Texas Critical Data Centers LLC (the “Borrower”), has entered into a definitive Term Loan Agreement (the “Agreement”) establishing a senior secured term loan credit facility of up to $290 million (the “Term Loan”) with the Commodities and Global Markets business (“Macquarie”), a division of Macquarie Group.

The Term Loan establishes a project level financing vehicle to support development of the project and is structured in multiple tranches: a $20 million committed Term Loan A-1, a $30 million Term Loan A-2, a $40 million Term Loan A-3, and a $200 million Delayed Draw Term Loan, subject to the satisfaction of certain conditions precedent. The Term Loans matures on the three-year anniversary of the closing date.

The proceeds of the Term Loan will be used for general corporate purposes, including the funding of acquisition, improvement, and equipping of properties for the TCDC project, general corporate purposes and the potential repayment of existing indebtedness.

In connection with the Term Loan, Macquarie will purchase $5 million in shares of common stock of the Company at a purchase price per share equal to a 20% premium to the 5-day volume weighted average price of the Company’s common stock at issuance. Based on the closing price of the Company’s stock on April 7, 2026, this amounts to a purchase price per share of $5.00. Additionally, the Company will sell to Macquarie warrants to purchase up to $5 million of shares of common stock of the Company at an exercise price equal to a 20% premium to the 5-day volume weighted average price of the Company’s common stock at issuance, subject to a floor price of $4.30. The initial tranche of warrants will have an exercise price of $5.00. Warrants will be issued pro-rata across the first $50 million drawn on the Facility.

Vinson & Elkins L.L.P. acted as legal counsel to the Company. Latham & Watkins LLP acted as legal counsel to Macquarie. Northland Capital Markets acted as capital markets advisor to the Company.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor may there be any sale of any securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

About New Era Energy & Digital

New Era is a developer and operator of next-generation digital infrastructure and integrated power assets. The Company is developing Texas Critical Data Centers LLC (“TCDC”), a 438 acre large-scale AI and high-performance computing data center campus located in Ector County, outside Odessa, Texas. TCDC is master planned as a multi-phase development, with anticipated capacity scaling to 1+ gigawatt over time. With a growing portfolio of strategically located, vertically integrated resources including powered land and powered shells, the Company delivers turnkey solutions that enable hyperscale, enterprise, and edge operators to accelerate data center deployment, optimize total cost of ownership, and future-proof their infrastructure investments.

For more information, visit: www.newerainfra.ai and follow New Era Energy & Digital on LinkedIn and X.

Forward-Looking Statements

This press release contains “forward-looking statements.” Forward-looking statements reflect the current view about future events. When used in this press release, the words “anticipate,” “believe,” “estimate,” “expect,” “future,” “intend,” “plan” or the negative of these terms and similar expressions, as they relate to us or our management, identify forward-looking statements. Such statements include, but are not limited to, statements contained in this press release relating to our business strategy, our future operating results and liquidity and capital resources outlook. Forward-looking statements are based on our current expectations and assumptions regarding our business, the economy and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict. Our actual results may differ materially from those contemplated by the forward-looking statements. They are neither statements of historical fact nor guarantees of assurance of future performance. We caution you therefore against relying on any of these forward-looking statements. Important factors that could cause actual results to differ materially from those in the forward-looking statements include, without limitation: our ability to construct, develop, lease and maintain our flagship project; our ability to access adequate project financing, commercial borrowings and debt and equity capital markets to fund our significant anticipated capital expenditures; the impact of supply chain disruptions, labor availability, raw materials and input commodity costs and availability, and manufacturing and transportation; general business and economic conditions; environmental history, remediation, and associated risks; our ability to obtain and renew leases with our tenants on terms favorable to us, and manage our growth, business, financial results and results of operations; our ability to respond to price fluctuations and rapidly changing technology; the impact of tariffs and global trade disruptions on us and our tenants; changes in political conditions, geopolitical turmoil, political instability, civil disturbances, and restrictive governmental actions; the degree and nature of our competition; our failure to generate sufficient cash flows to service indebtedness; our expectations regarding the anticipated timeline of our cash, cash equivalents and short-term investments, future financial performance and our ability to continue as a going concern; material negative changes in the creditworthiness and the ability of our tenants to meet their contractual obligations; increases and volatility in interest rates; increased power, labor, equipment procurement, shipping, refurbishment or construction costs; a failure of our information technology systems, systems conversions and integrations, cybersecurity attacks or a breach of our information security systems, networks or processes; our inability to obtain and/or maintain necessary government or other required consents or permits; changes in, or the failure or inability to comply with, local, state, federal and applicable international laws and regulations, including related to taxation, real estate and zoning laws, and increases in real property tax rates; the impact of any financial, accounting, legal or regulatory issues or litigation that may affect us; and other factors (including the risks contained in the “Risk Factors” section of our Annual Report on Form 10-K for the fiscal year ended December 31, 2025). Should one or more of these risks or uncertainties materialize, or should the underlying assumptions prove incorrect, actual results may differ significantly from those anticipated, believed, estimated, expected, intended or planned. Factors or events that could cause our actual results to differ may emerge from time to time, and it is not possible for us to predict all of them. We cannot guarantee future results, levels of activity, performance or achievements. Except as required by applicable law, including the securities laws of the United States, we do not intend to update any of the forward-looking statements to conform these statements to actual results.

For investor inquiries, please contact:

OG Advisory Group
Lincoln Tan
nuai@orangegroupadvisors.com

FAQ

What is the total size and tranche structure of the NUAI loan facility announced April 8, 2026?

The facility is up to $290 million, structured as $20M A-1, $30M A-2, $40M A-3, and a $200M delayed draw. According to the company, the multi-tranche design funds staged development and ties larger drawings to conditions precedent.

How will the Macquarie equity purchase and warrants affect NUAI shareholders?

Macquarie will buy $5M of common stock and warrants to buy $5M more, creating possible dilution. According to the company, the purchase is at a 20% premium and warrants are issued pro-rata on early draws.

What are the warrant terms Macquarie received from NUAI on April 8, 2026?

Initial warrants have an exercise price of $5.00 with a floor of $4.30, equal to a 20% premium to the 5-day VWAP. According to the company, warrants cover up to $5M of shares and apply pro-rata across initial $50M draws.

How will NUAI use proceeds from the $290M Term Loan announced April 8, 2026?

Proceeds will fund acquisition, improvement, and equipping of properties for the Texas Critical Data Center and general corporate purposes. According to the company, funds may also be used for potential repayment of existing indebtedness.

What is the maturity and repayment timeline for NUAI's new term loan with Macquarie?

The Term Loans mature on the three-year anniversary of the closing date, providing a medium-term funding horizon. According to the company, each tranche shares the same three-year maturity from closing.