US EditionAustralian Ai Infrastructure Developer Firmus Lands $10 Bln Debt Package From Blackstone, Coatue
Firmus secured $10 billion in debt financing led by Blackstone and Coatue to expand AI data centers across Australia with capacity up to 1.6 gigawatts by 2028.
- On Monday, Firmus finalised a $10 billion debt funding package led by Blackstone Inc. and Coatue Management, the company announced as one of Australia’s largest private credit financings.
- Firmus plans to use the loan to fund the next phase of Project Southgate, expected to reach up to 1.6 gigawatts over the next three years, in collaboration with CDC Data Centres and Nvidia.
- Funding was backed through Blackstone funds by Blackstone Tactical Opportunities and Blackstone Credit & Insurance, managing over $1.3 trillion of assets, with Coatue and Nvidia participating.
- Firmus, which is expected to go public in Sydney later this year, will accelerate large-scale AI data-centre construction across Australia, supporting the national market expansion.
- Recent sector financing trends show Firmus raised A$830 million last year and A$500 million in November as Moody's projects over $3 trillion in AI infrastructure investment.
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Nvidia-Backed AI Startup Gets $10 Billion in Blackstone-Led Loan
(Bloomberg) — Australian AI startup Firmus Technologies Pty. secured a $10 billion loan from a group including Blackstone Inc.-led funds to boost its data center rollout in one of the country’s largest private credit financings.
Firmus receives $10bn boost for Project Southgate rollout
Firmus has secured $10bn debt financing facility to advance Project Southgate, its AI infrastructure expansion initiative in Australia. The financing is led by funds managed by Blackstone Tactical Opportunities, Blackstone Credit & Insurance, and affiliated funds (together, Blackstone). It also includes support from Coatue Management. The funding is set to facilitate the national rollout of Firmus’ AI Factory platform, designed to meet the incre…
Australia rises as AI powerhouse with $105B data center surge
Australia has signaled a bold AI ambition, with plans to roll out nearly 6 gigawatts of data-centre capacity worth about A$150 billion ($105 billion), indicating that this year’s installed capacity would be three times as much by 2030, according to a statement from the Commonwealth Bank of Australia (CBA). The region is emerging as a major global hub for artificial intelligence infrastructure, driven by a massive expansion in data centres and r…
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