13-03-2025
Data Center Operator Firmus Seeks $120 Million Private Loan
A Singapore operating entity of Australian data center firm Firmus Technologies is seeking a $120 million private loan to fund its capital expenditure, according to people familiar with the matter.
Nomura Holdings Inc. has provided Firmus Metal Singapore Pte. a $60 million tranche, and approached private credit funds for the remaining half of the loan, said the people, who asked not to be identified discussing private matters. The facility is set to pay a cash interest of 11% over the risk-free benchmark Secured Overnight Financing Rate, the people added.
