• 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.