New Era Energy & Digital Secures Funding for Texas Data Center Expansion

Equity offering, credit facility, and Macquarie investment provide $140 million to advance development of Ector County campus.

Apr. 14, 2026 at 8:42pm

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A photorealistic studio still life featuring a sleek, polished data server rack made of brushed aluminum and tempered glass, floating on a clean, monochromatic background and dramatically lit to convey the power and sophistication of New Era's digital infrastructure.New Era's high-performance computing infrastructure aims to meet the growing demand for next-generation digital services in the Permian Basin.Midland Today

New Era Energy & Digital, Inc. announced the closing of a $115 million public equity offering, including the exercise of an underwriters' option, as well as a $20 million initial tranche of a $290 million senior secured credit facility with Macquarie Group. The company also received a $5 million equity investment from Macquarie. These financing initiatives will support the development of New Era's flagship Texas Critical Data Centers (TCDC) project, a large-scale AI and high-performance computing campus in Ector County, Texas.

Why it matters

The funding marks a significant milestone for New Era as it seeks to capitalize on growing demand for next-generation digital infrastructure in the Permian Basin region. The credit facility and equity investments strengthen the company's balance sheet and provide a clear path to progress the multi-phase TCDC development.

The details

The $115 million in equity proceeds will be used to repay existing debt and for general corporate purposes. The $20 million initial tranche of the Macquarie credit facility, with potential for an additional $270 million, will support key development milestones like procurement of long-lead equipment and site work. The $5 million equity investment from Macquarie further aligns the global financial services firm with New Era's growth strategy.

  • On April 14, 2026, New Era announced the closing of the underwriters' option and the initial Macquarie credit facility tranche.
  • The company plans to use the equity proceeds to repay existing debt and fund general operations.

The players

New Era Energy & Digital, Inc.

A developer and operator of next-generation digital infrastructure and integrated power assets, including the Texas Critical Data Centers (TCDC) project.

Macquarie Group

A global financial services group that provided a $20 million initial tranche of a $290 million senior secured credit facility, as well as a $5 million equity investment in New Era.

Northland Capital Markets

The lead book-running manager for New Era's equity offering and capital markets advisor for the credit facility.

Texas Capital Securities

A book-running manager for New Era's equity offering.

E. Will Gray II

Chief Executive Officer of New Era Energy & Digital.

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What they’re saying

“This marks a pivotal milestone for New Era. With these transformative financings, we have secured the capital required to support TCDC's development beyond just phase 1, and significantly strengthened our balance sheet.”

— E. Will Gray II, Chief Executive Officer, New Era Energy & Digital

“We are pleased to support New Era in the development of their TCDC project. We believe TCDC is strategically positioned for near-term development and power delivery, presenting a compelling opportunity to address the growing demand for high-performance computing infrastructure.”

— Joshua Stevens, Managing Director, Macquarie

What’s next

New Era plans to use the credit facility funding to support key commercial and development milestones for the TCDC project, including procurement of long-lead equipment and ongoing site work.

The takeaway

New Era's financing initiatives, including the equity offering, credit facility, and Macquarie investment, provide the necessary capital to advance the multi-phase development of its flagship TCDC data center campus in the Permian Basin region, positioning the company to capitalize on growing demand for high-performance computing infrastructure.