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Fermi America™ Makes Initial Draw on $200 Million Equipment Facility from Keystone National Group and Cape Commercial Finance to Accelerate the Delivery of the First 2.3GW of Project Matador's 11GW Private HyperGrid™ Campus
Fermi Inc. (d/b/a Fermi America) (NASDAQ & LSE: FRMI), operating as Fermi America™, in partnership with the Texas Tech University System (TTU System), announced today that it has secured over $100 million in committed equipment financing from a private debt fund managed by Keystone National Group, part of a larger $200 million facility arranged by Cape Commercial Finance, which is expected to be drawn on during 2026. This financing continues to build upon Fermi America's warehouse strategy enabl
About this update from Fermi Inc.
[{"type":"list","items":[{"val":[{"type":"text","content":"Enables Fermi America to accelerate the procurement of long lead high voltage assets, supporting the buildout of its first 2.3GW of power infrastructure","length":152,"tagName":"p"}]},{"val":[{"type":"text","content":"Complements $500 Million Turbine Warehouse from leading global financial institution MUFG Bank, Ltd. (MUFG), demonstrating growing institutional confidence in Project Matador","length":174,"tagName":"p"}]},{"val":[{"type":"text","content":"Highly flexible structure that enables capital to be recycled for future procurement as assets are taken out by project financing","length":129,"tagName":"p"}]},{"val":[{"type":"text","content":"Facility arranged by Cape Commercial Finance","length":44,"tagName":"p"}]}],"tagName":"ul","bulletedList":true,"length":499,"olType":false},{"type":"text","content":"AMARILLO, Texas, Feb. 19, 2026 /PRNewswire/ -- Fermi Inc. (d/b/a Fermi America) (NASDAQ & LSE: FRMI), operating as Fermi America™, in partnership with the Texas Tech University System (TTU System), announced today that it has secured over $100 million in committed equipment financing from a private debt fund managed by Keystone National Group, part of a larger $200 million facility arranged by Cape Commercial Finance, which is expected to be drawn on during 2026. This financing continues to build upon Fermi America's warehouse strategy enabling the aggregation of critical long-lead equipment in an inflationary and tightening supply environment and serves to further solidify Fermi America's power ramp, affirming the company's ability to deliver the first 2.3 of 11 gigawatts of long-duration, reliable power at scale.","length":842,"tagName":"p"},{"type":"image","alt":"Construction crews install power infrastructure at Fermi America's Project Matador site in Amarillo, Texas, on Feb 13th, 2026, as work advances on the nation's largest private HyperGrid campus","displaySize":"","headline":null,"caption":"Construction crews install power infrastructure at Fermi America's Project Matador site in Amarillo, Texas, on Feb 13th, 2026, as work advances on the nation's largest private HyperGrid campus","className":"","disableSlideshowImg":false,"size":{"original":{"width":400,"height":267,"url":"https://media.zenfs.com/en/prnewswire.com/55315f7e680866cde9b1ec279372904b"},"resized":{"...