Debt financing facility · AI
Firmus secures $10bn debt facility for Australian AI infrastructure
Blackstone-managed funds lead the February 2026 financing, with support from Coatue, for Project Southgate.
Firmus announced a $10 billion debt financing facility on February 9, 2026, led by Blackstone-managed funds and supported by Coatue.
The facility supports Project Southgate, its Australian rollout of AI factories. The company will use the financing for infrastructure deployment, manufacturing and energy integration as it expands dedicated computing capacity.
Use of funds
Deploy Project Southgate AI factories
Expand infrastructure manufacturing and energy integration
Funding history
Debt financing facility · This round$10B