United States · Business news · AI & Tech · 01 Oct 2026
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AI: Funding and deals · Cloud and data centres · Nvidia — more AI news
SharonAI Holdings disclosed its first committed senior secured debt facility backed by GPUs: US$356 million at a fixed rate of 9.95% before fees, held in a special-purpose vehicle and secured on the chips and the cash flows from customer contracts. Goldman Sachs and large private credit funds are the lenders. The company targets more than 68,000 Nvidia GPUs deployed by mid-2027.
The 9.95% coupon shows what private credit charges to finance AI chips for a smaller operator: well above investment-grade borrowing costs, and payable from rental income on hardware that loses value quickly. Sharon AI says it has secured over US$2.6 billion of debt and equity in ten months against a customer order book of US$8.8 billion in total contract value. Nvidia receives the hardware spend; Goldman Sachs and credit funds earn the interest.
Reported by SEC EDGAR (SharonAI Holdings 8-K) — “Sharon AI Enters Into GPU-Backed Debt Facility, Expanding Funding Flexibility for AI Factory Deployments” ↗ on 01 Oct 2026.
Official series on 01 Oct 2026 or the last day before it, and the latest observation.
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