Fermi amends MUFG equipment supply loan terms, eliminating covenant requiring lease or offtake for 400 MW at Project Matador

Fermi amended its equipment supply loan financing terms with MUFG to eliminate a covenant requiring a lease or offtake arrangement for 400 MW at the Project Matador site by November 10. The amendment could eliminate about $56 million in potential principal payments through Q2 2027 but carries $25 million in amendment fees.

Detected & updated continuously · Source: Nebula