Sharon AI Enters Into GPU-Backed Debt Facility, Expanding Funding Flexibility for AI Factory Deployments
SharonAI Holdings announced its inaugural US$356 million committed senior secured, GPU-backed SPV debt facility priced at a fixed rate of 9.95% (excluding fees). The facility, secured against GPUs and associated cash flows, will fund deployment of compute infrastructure dedicated to customer contracts, supporting the company's goal of gigawatt-scale AI capacity across Australia, New Zealand and the broader Asia-Pacific region.
Why it matters — SHAZ watchers would note the company has secured significant contract-backed funding that expands its financing flexibility for expanding AI compute deployments without relying on equity issuance.