Fermi Inc.: amends equipment loan agreement, $25,000,000 fee

What happened The filing says Fermi Inc. announced on Oct 16, 2026 that Fermi Turbine Warehouse LLC and Firebird Equipment Holdco LLC, each an indirect wholly owned subsidiary of the company, entered into a Limited Waiver and Amendment No. 1 to the Equipment Supply Loan Financing Agreement with MUFG Bank, Ltd., as administrative agent and lender. The Amendment modifies the Equipment Supply Loan Financing Agreement dated Feb 10, 2026 and eliminates the covenant requiring the company to enter into a lease or offtake arrangement for 400 MW on the Project Matador site by Nov 10, 2026.

Key details

• The Amendment eliminated the potential increase in amortization that could have resulted from failing to satisfy the 400 MW covenant.
• The company believes this eliminates potential required principal payments of approximately $22,000,000 in the fourth quarter of 2026, approximately $19,000,000 in the first quarter of 2027 and approximately $15,000,000 in the second quarter of 2027.
• MUFG remains administrative agent for a new syndicate of lenders.
• The company paid amendment fees totaling $25,000,000 in connection with the Amendment.

Why it may matter This disclosure was reported under Item 8.01 (Other events), which covers other material events the company chooses to report on Form 8-K. The filing does not show why the insider traded or why the company acted.