Lancium, an energy technology and infrastructure company, closed a $600 million debt financing package to advance its clean campus development strategy, beginning with the 1.2 GW Lancium Clean Campus in Abilene, TX, the first site of the Stargate initiative, a multi-stakeholder AI infrastructure program backed by SoftBank, OpenAI, Oracle and MGX that seeks to deploy a U.S. network of hyperscale AI data centers.
The deal was arranged by Santander Corporate & Investment Banking serving as debt financial advisor, sole structuring bank, sole underwriter, left lead and administrative agent. Cantor Fitzgerald acted as sole strategic advisor to Lancium.
The proceeds of this financing will support Abilene as the first Stargate site while also providing flexibility to use funds to develop additional projects in Lancium’s portfolio.
“This financing marks a pivotal milestone for Lancium,” Michael McNamara, CEO and co-founder of Lancium, said. “Not only does it validate the strength of our platform and assets, but it also creates a scalable foundation to expand digital infrastructure in Texas and beyond. Our Clean Campus in Abilene represents the future of compute, designed for AI and hyperscale, and built to benefit both our partners and the communities we serve. We are proud to partner with Santander and Cantor Fitzgerald to structure a transaction that supports our mission to provide critical infrastructure to power the AI era.”
Nuno Andrade, global head of structured finance digital infrastructure and REGAL and U.S. head of structured finance at Santander Corporate & Investment Banking, said, “We are proud to support Lancium on this landmark financing. As AI reshapes the global economy, the convergence of massive compute demand and sustainable power has become unavoidable. Lancium is at the forefront of this intersection, and this novel transaction highlights Santander’s ability to deliver scalable, highly structured financing in the digital space.”
Hari Chandra, global head of power, energy and infrastructure at Cantor Fitzgerald, said, “Lancium is pioneering the clean energy and digital infrastructure transformation. We are pleased to serve as Strategic Advisor on a transaction that positions Lancium at the forefront of the Stargate initiative, while laying the foundation for sustainable, long-term growth.”
