Blackstone and Coatue Lead 10 Billion Dollar Debt Deal for Australian AI Infrastructure Developer Firmus
Australian developer Firmus secured a 10 billion dollar debt package led by Blackstone and Coatue. The funds will expand AI data centers across the nation.
Insights:
Firmus, an AI company based in Australia 
AU, has finalised a $10 billion debt funding package led by Blackstone Inc. and Coatue Management to finance the next phase of its Project Southgate. The financing, which was completed on February 9, 2026, enables the construction of extensive AI training and inference infrastructure across Australia AU. The project is expected to reach a total capacity of up to 1.6 gigawatts over the next three years.
AU, has finalised a $10 billion debt funding package led by Blackstone Inc. and Coatue Management to finance the next phase of its Project Southgate. The financing, which was completed on February 9, 2026, enables the construction of extensive AI training and inference infrastructure across Australia AU. The project is expected to reach a total capacity of up to 1.6 gigawatts over the next three years.
