New Era Energy & Digital (NASDAQ: NUAI) shares surged 23% following a new financing agreement. The company secured a $290 million senior secured term loan credit facility from Macquarie Group.
Capital is designated for the development and construction of the flagship Texas Critical Data Center (TCDC). The multi-tranche loan covers property acquisition, improvements, equipment, and general corporate purposes.
Macquarie Group will also make a $5 million equity investment in the company. This investment is priced at a premium per share.