Latham Advises on Closure of New Era Energy’s Multi-Tranche US$290 Million Facility With Macquarie Group

New Era Energy & Digital, Inc. (Nasdaq: NUAI), a developer and operator of next-generation digital infrastructure and integrated power assets in the Permian Basin, has announced that it, through its subsidiary, Texas Critical Data Centers LLC, has entered into a definitive term loan agreement establishing a senior secured term loan credit facility of up to US$290 million with the Commodities and Global Markets business (Macquarie), a division of Macquarie Group.

Latham & Watkins represented Macquarie in the transaction with a finance team led by New York partner Paul Bonewitz and Chicago counsel Shahid Jamil, with associates Michael Harris and Samantha Rudd. Advice on capital markets matters was also provided by Chicago partners Zak Judd and Jonathan Sarna, with associate Claudia Wang; on tax matters by New York partner Bora Bozkurt, with associate Shiyi Parsons; and on real estate matters by Chicago partner Michael Rechtin and counsel Jeff Anderson, with associates Trevor Worby and Dominique Gonzales.