Fluidstack Joint Venture to Issue $5.7 Billion in Senior Secured Notes

bwoodworth on April 30, 2026

Cooley advised Fluidstack, a premier artificial intelligence (AI) cloud platform, in connection with the $5.7 billion offering of five-year senior secured notes issued by Meridian Arc HoldCo LLC, a joint venture owned by Next Frontier and Fluidstack. Proceeds will fund the construction of two new data centers in Sullivan County, Indiana, which will be leased to Fluidstack.

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Fluidstack Joint Venture to Issue $5.7 Billion in Senior Secured Notes

Fluidstack Joint Venture to Issue $5.7 Billion in Senior Secured Notes

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