Data center development and energy company Fermi America has landed a $165 million senior-secured equipment loan facility to finance gas turbines for its large-scale data center complex, Project Matador.
The facility, provided by Beal Bank USA affiliate CSG Investments, will cover remaining progress payment obligations to Siemens Energy for six SGT-800-57 gas turbines, according to a Fermi release today. Delivery of the turbines is slated for 2028.
The loan is structured as a repeatable warehouse facility to support future turbine purchases ahead of project-level financing…