· Context
Fermi closes turbine financing with MUFG; further equipment loans follow
Fermi closed a non-recourse turbine warehouse facility of up to $500 million with MUFG Bank, used in part to repay a $100 million Macquarie bridge loan from August 2025. It also entered an equipment facility of up to $120 million in February and a $165 million turbine loan from an affiliate of Beal Bank in March 2026.[1]
Fermi America (Fermi, Inc.)
What the sources say
- ✓ Verified
Fermi Inc. (SEC filing): Fermi's 10-K reports: a $100 million Macquarie senior secured bridge loan (August 29, 2025) for Siemens turbine obligations, repaid in February 2026; a MUFG Bank turbine warehouse facility with commitments up to $500 million (closed February 10, 2026); an equipment facility of up to $120 million (February 2026); and a $165 million Beal Bank affiliate turbine loan at 12% interest (March 2026).[1]
- Macquarie
- $100,000,000
- Mufg
- $500,000,000
- Keystone
- $120,000,000
- Beal
- $165,000,000
- Beal rate
- 12%
- ✓ Verified
Fermi Inc. (SEC filing): Fermi says it has submitted or plans to submit applications to the DOE Office of Energy Dominance Financing, the Advanced Reactor Demonstration Program and the Texas HB 14 Advanced Nuclear Completion Fund, and that it is in a pre-approval process for a DOE loan. No award was reported in its filings through June 30, 2026.[1][2]
- ✓ Verified
Fermi Inc. (SEC filing): Fermi's June 30, 2026 10-Q says completing Phase 1 will require capital beyond sources currently available, and that it has not secured project-level debt beyond previously announced financings; it lists property tax abatements and government grants among expected funding sources.[2]