USD.AI brings Silver Point and Victory Park into NexGen's $106M GPU loan
NexGen Cloud's four-year facility finances 216 NVIDIA HGX B300 servers, or 1,728 GPUs, at a Tier III data center in Finland. Lender allocations and the compute customer's contract terms are undisclosed.
By RuntimeWire Staff · Published
Primary source: PR Newswire Business Technology
Why it matters
The facility brings named institutional lenders into a large GPU deployment, while leaving key credit details - including lender allocations and the compute customer's contract terms - undisclosed. Lenders ultimately depend on the hardware retaining value and the financed capacity continuing to earn revenue.
NexGen Cloud, led by CEO and co-founder Chris Starkey, has secured a $106 million senior secured loan to finance GPU capacity at a Tier III data center in Finland. USD.AI said it led and closed the facility, with Silver Point Capital and Victory Park Capital…
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