Fermi Inc 8-K, filed Oct 16, 2026
Fermi Inc. (FRMI)
About this 8-K
Fermi Inc filed this 8-K on October 16, 2026.
Fermi Inc. announced its subsidiaries and MUFG Bank amended the February 10, 2026 Equipment Supply Loan Financing Agreement, eliminating a covenant to lease or offtake 400 MW at Project Matador by November 10, 2026, and paid $25 million in amendment fees. AI summary
Items reported
- Item 8.01: Other events
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Item 8.01 Other Events.
On October 16 2026, Fermi Inc. (the “Company”) announced that Fermi Turbine Warehouse LLC (the “Borrower”) 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 (the “Amendment”) with MUFG Bank, Ltd., as administrative agent and lender (“MUFG”). The Amendment amends the Equipment Supply Loan Financing Agreement, dated as of February 10, 2026 (the “Financing Agreement”). Among other things, the Amendment eliminates the covenant requiring the Company to enter into a lease or offtake arrangement for 400 MW on the Project Matador site by November 10, 2026. Additionally, the amendment eliminated the potential increase in amortization resulting from the failure to satisfy such covenant. The Company believes this eliminates potential required principal payments by approximately $22 million in the fourth quarter of 2026, approximately $19 million in the first quarter of 2027 and approximately $15 million in the second quarter of 2027. In connection with the Amendment, MUFG remains administrative agent for a new syndicate of lenders and the Company paid amendment fees totaling $25 million.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| FERMI INC. | ||
| Date: October 16, 2026 | By: | /s/ George Wentz |
| Name: | George Wentz | |
| Title: | General Counsel | |
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