The deal, priced at a fixed 9.95% interest rate, leverages the company’s existing book of customer contracts as collateral. This arrangement follows a aggressive capital-raising streak that has seen the firm secure US$2.6 billion in debt and equity over the last ten months. CEO James Manning stated the funding is vital to meeting the surging demand for sovereign and secure AI infrastructure across the Asia-Pacific region.
Sharon AI Secures $356 Million Debt Facility for GPU Expansion
Australian Neocloud provider Sharon AI has finalized a US$356 million senior secured debt facility, marking a pivot toward asset-backed financing to accelerate its regional growth. The capital, provided by a syndicate including Goldman Sachs, will fund the acquisition of over 68,000 NVIDIA GPUs by mid-2027.
With a total contract value of US$8.8 billion already on the books, the company intends to use this new liquidity to scale its gigawatt-scale AI compute capacity. Jarden Australia served as the sole financial advisor for the transaction, which represents the first in a planned series of GPU-focused financings designed to bolster the firm’s balance sheet and improve long-term shareholder returns.
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