New Era Energy & Digital Units TCDC PowerCo And Texas Critical Data Centers Enter Into A Letter Of Credit Reimbursement Agreement With Macquarie Bank; In Connection With $60M Drawdown Under Term Loan Agreement, The Company Issued Warrants To Purchase 413,055 Shares With An Exercise Price Of ~$7.26/Share
As previously disclosed, PowerCo is party to a Power Purchase Agreement (the "PPA") with Luminant ET Services Company LLC ("Luminant"), which requires PowerCo to provide credit support in the form of a
The company borrowed $60 million and gave the bank new warrants as promise. This shows the company is raising money to keep its power business going.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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