Artificial intelligence infrastructure startup Nscale Global Holdings has closed a $900 million revolving credit facility to support its AI data center build-out and broader capital deployment program across the U.S., Europe and Asia Pacific. The London-based company is using the facility to increase its financial flexibility as it scales its platform in multiple regions.
The new revolving credit facility was syndicated across a group of global banks that includes 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. By coordinating a broad lending group, Nscale has secured a diversified bank relationship base backing its expansion strategy.
Josh Payne, CEO and founder of Nscale, described the facility as a signal of institutional backing for the company. He said the closing demonstrates confidence from key global investment banks in Nscale’s platform, capital structure and team. Payne noted that Nscale is focused on building infrastructure that the world’s largest technology companies rely on to train, deploy and scale AI, and that the credit facility enhances the company’s ability to execute that strategy at speed and scale.
Nscale is supported by Nvidia and relies on a network of data centers in Europe and the U.S. The company operates these facilities either directly or through partners, according to reporting by the Wall Street Journal. This network underpins its AI infrastructure offerings for large technology users.
Earlier in the year, Nscale raised $2 billion at a valuation of $14.6 billion, as reported by the Wall Street Journal. The new $900 million revolving credit facility adds a substantial layer of debt capital to the firm’s previously disclosed equity raise and valuation milestones.
An Nscale data center in Glomfjord, Norway, is highlighted in connection with the company’s platform. The facility illustrates the type of infrastructure Nscale is developing and operating as it expands its AI-focused data center footprint across multiple global regions.
