Sharon AI Secures $356M GPU-Backed Debt Facility at 9.95%
New York – October 01, 2026 -- Sharon AI Holdings Inc. (NASDAQ: SHAZ) has closed its inaugural US$356 million committed senior secured, GPU-backed SPV debt facility, priced at a fixed rate of 9.95% excluding fees.
Facility backs GPU deployment for customer contracts
The debt is secured against the Company's GPUs and associated cash flows, funding the deployment of compute infrastructure dedicated to signed customer contracts. The facility supports Sharon AI's plan to build out more than 68,000 NVIDIA GPUs by mid-2027 and is the first in an expected series of GPU financings.
Goldman Sachs and private credit funds join syndicate
The facility drew marquee Australian, Asian and global investors, including Goldman Sachs and select large private credit funds. Jarden Australia acted as sole financial advisor and arranger on the transaction.