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business1h ago
Key facts: Blackstone to fund Apogee $1.3B; backs Ksi Lisims
- Blackstone agrees to fund Apogee with up to $1.3 billion, combining $800 million royalty-style financing and $500 million in debt.
- The deal includes 15-year, tiered royalties as part of Apogee funding.
- Blackstone also backs the Ksi Lisims project, with talks with additional European buyers underway.
- Construction could start as early as late 2026 if long-term sales deals and lender support are secured.
- The funding supports a planned phase 3 in H2 2026 for Apogee, per the report.
- The deal is described in TradingView News as a key fact regarding Blackstone’s funding actions.
- The report notes ongoing talks with European buyers for Ksi Lisims are underway.
- Apogee's funding aims to support a phase 3 development milestone in the latter half of 2026.
- The arrangement includes royalty-style financing and debt components for Apogee.
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