Business
Lancium Secures $600 Million Debt Financing to Advance Clean Campus Development, Starting with 1.2 GW Abilene Site
Lancium, a leading energy technology and infrastructure company, today announced the close of a $600 million debt financing package to advance its clean campus development strategy, beginning with the 1.2 GW Lancium Clean Campus in Abilene, Texas, the first site of the Stargate initiative, a multi-stakeholder AI infrastructure program backed by SoftBank, OpenAI, Oracle, and MGX that seeks to deploy a U.S. network of hyperscale AI data centers.
About this update from Banco Santander, S.a.
[{"type":"text","content":"First-of-its-kind financing package, led and structured by Santander and Cantor Fitzgerald, supports the Lancium Clean Campus in Abilene, the inaugural site of the Stargate initiative","length":183,"tagName":"p","attribs":{}},{"type":"text","content":"HOUSTON, Oct. 16, 2025 /PRNewswire/ -- Lancium, a leading energy technology and infrastructure company, today announced the close of a $600 million debt financing package to advance its clean campus development strategy, beginning with the 1.2 GW Lancium Clean Campus in Abilene, Texas, the first site of the Stargate initiative, a multi-stakeholder AI infrastructure program backed by SoftBank, OpenAI, Oracle, and MGX that seeks to deploy a U.S. network of hyperscale AI data centers.","length":496,"tagName":"p"},{"type":"image","alt":"New Logo","displaySize":"","headline":null,"caption":"New Logo","className":"","disableSlideshowImg":false,"size":{"original":{"width":400,"height":128,"url":"https://media.zenfs.com/en/prnewswire.com/6d83dd4abc7ac45744c713dd771dfa03"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/HHfTiR5m1H1vHr6jMPgYqg--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTIyNjtjZj13ZWJw/https://media.zenfs.com/en/prnewswire.com/6d83dd4abc7ac45744c713dd771dfa03","width":400,"height":128}},"href":"https://mma.prnewswire.com/media/2797508/Lancium_Logo.html","hrefExternal":true,"rel":"nofollow"},{"type":"text","content":"The deal was arranged by Santander Corporate & Investment Banking serving as debt financial advisor, sole structuring bank, sole underwriter, left lead, and administrative agent. Cantor Fitzgerald acted as sole strategic advisor to Lancium.","length":254,"tagName":"p"},{"type":"text","content":"Lancium's Abilene Clean Campus is designed to power some of the most advanced AI and cloud workloads in the world, anchored by purpose-built substations and infrastructure. The proceeds of this financing will support Abilene as the first Stargate site while also providing flexibility to use funds to develop additional projects in Lancium's portfolio.","length":360,"tagName":"p"},{"type":"text","content":""This financing marks a pivotal milestone for Lancium," said Michael McNamara, CEO and Co-Founder of Lancium. "Not only does it validate the strength of our platform and assets, but it also creates a scalable foundation to exp...