| Issuer / Guarantor | Fermi Inc |
|---|---|
| Size | USD 431.25mn |
| Type | Convertible |
| Leads | Cantor Fitzgerald |
| Maturity | 15 Jul 2031 (5 years) |
| Coupon | 5% (4.5 - 5%) |
| Premium | 30% (30 - 35%) |
| Calls | NC3; PC @ 130% w table MW |
| Puts | t/o @ 100% |
| Div protection | Ratio adjustment (Full) |
| T/o protection | Make-whole table |
| CoCo | 130% to Apr 2031 (4.8 yrs) |
| Announced | 09 Jul 2026 |