Fermi amends MUFG financing agreement to remove 400 MW lease covenant
Fermi announced an amended Equipment Supply Loan Financing Agreement with MUFG on October 16, 2026, paying $25 million in amendment fees. The amendment removes the requirement to secure a 400 MW lease or offtake arrangement at Project Matador by November 10, 2026. Eliminating the associated accelerated amortization is