Firmus secures $10B debt financing for AI infrastructure

Firmus's successful procurement of a US$10 billion debt financing facility, led by Blackstone and Coatue, marks a significant step in advancing its Project Southgate AI infrastructure initiative. The financing will fuel the deployment of AI Factories, infrastructure manufacturing, and energy integration, addressing the escalating global demand for high-performance compute. This substantial investment underscores the growing importance of dedicated AI infrastructure and Firmus's ambition to become a key player in this rapidly expanding market. The deal follows previous equity raises, demonstrating a multi-faceted approach to funding this ambitious project. This transaction is notable for several reasons. First, it represents one of the largest private debt financings in Australian history. Second, the involvement of Blackstone, a major global investor, signals confidence in Firmus's strategy and the potential of the AI infrastructure market. Third, the financing aligns with Blackstone's broader strategy to finance large-scale AI compute and data infrastructure platforms. The project's 1.6 GW capacity further emphasizes its scale and potential impact on the region's AI capabilities.