SharonAI Holdings, through its indirect wholly-owned Australian subsidiaries, has entered into a syndicated facility agreement for senior secured term loans totaling up to $356 million. The proceeds will be used to finance and refinance the acquisition and deployment of servers, GPUs, and related infrastructure to support a customer contract for GPU compute capacity.
Key Details
- Facility Amount: US$356 million, comprised of a $150 million Facility A tranche and a $206 million Facility B tranche.
- Terms & Maturity: The facility has a 42-month maturity from the first utilization date. Facility A bears a fixed interest rate starting at 7.25% p.a. and increasing to 9.95% p.a., while Facility B has a fixed rate of 9.95% p.a.
- Guarantee Structure: The loan is secured by the assets of the subsidiary borrowers. SharonAI Holdings provides a limited parent guarantee that will be automatically released upon the full repayment of the $150 million Facility A, at which point the financing becomes non-recourse to the parent company.