Sharon AI secures $356M GPU-backed debt facility led by Goldman Sachs
What's the deal? Sharon AIDealroom has a profile for this one. Try Dealroom → (NASDAQ: SHAZ), an Australian cloud provider building AI infrastructure, has secured a US$356 million senior secured debt facility backed by its GPUs. The facility is priced at a fixed 9.95%, excluding fees, with Goldman SachsDealroom has a profile for this one. Try Dealroom → and select private credit funds among the investors.
What's the endgame? The money will fund compute infrastructure tied to customer contracts, advancing Sharon AI's plan to deploy over 68,000 NVIDIA GPUs by mid-2027. It is the first in an expected series of GPU financings as the company targets gigawatt-scale capacity across Australia, New Zealand, and the wider Asia-Pacific.
By the numbers: With this close, Sharon AI has raised over US$2.6 billion in institutional debt and equity over the past 10 months. Its book of contracted customer offtake now stands at a total contract value of over US$8.8 billion.
Why now? The facility is secured against the GPUs and their cash flows, a structure the company ties to contracted customer demand. "As demand for sovereign and secure, trusted AI infrastructure continues to outpace available supply globally," said co-founder and chief executive officer James Manning, "access to scalable debt capital is an important enabler of our growth."
Manning said the deal shows how Sharon AI expects to tap debt markets to fund GPU deployments, a move "designed to enhance return on equity." Jarden AustraliaDealroom has a profile for this one. Try Dealroom → acted as sole financial advisor and arranger.
The signal: GPU-backed debt is becoming a core financing tool for AI infrastructure firms, letting them scale compute without diluting equity. Sharon AI's layered debt-and-equity approach signals how fast-growing neocloud players intend to fund the capital-heavy race for AI capacity.
Read more: prnewswire.com
Image credit: hitachi_data_systems
