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Nscale Closes on $900M Credit Facility to Accelerate Data Center Build-Out
Artificial intelligence infrastructure startup Nscale Global Holdings has closed a $900-million revolving credit facility to accelerate its AI data center build-out and capital deployment across the U.S., Europe and Asia Pacific The facility was syndicated across a group of banks including J.P. Morgan, Goldman Sachs, Morgan Stanley, MUFG, RBC Capital Markets, Bank of America, Crédit Agricole CIB, Deutsche Bank, Mizuho, SMBC, TD Securities and KeyBank N.A.
“The closing of this revolving credit facility with key global investment banks reflects real institutional confidence in our platform, capital structure, and team,” said Josh Payne, CEO and founder of London-based Nscale. “We are building the infrastructure that the world’s largest technology companies depend on to train, deploy, and scale AI, and this facility increases our flexibility to do that at speed and at scale.”
The Nvidia-backed company relies on a network of data centers in Europe and the U.S. that it operates on its own or through partners, the Wall Street Journal reported. Earlier this year, Nscale raised $2 billion at a $14.6-billion valuation.
Pictured: An Nscale data center in Glomfjord, Norway.
- ◦Financing
