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.
Capital raised hits $2.6 billion in 10 months
With this transaction, Sharon AI has secured more than US$2.6 billion in institutional debt and equity capital over the past 10 months, extending a capital markets program aimed at funding gigawatt-scale AI compute capacity across Australia, New Zealand and the broader Asia-Pacific.
Contracted customer backlog reaches $8.8 billion TCV
James Manning, Co-founder and CEO of Sharon AI, said the facility reflects the Company's book of quality customer offtake, which now stands at a total contract value of more than US$8.8 billion. Manning said the debt structure is designed to enhance return on equity and said access to scalable debt capital is critical as demand for sovereign and secure AI infrastructure continues to outpace supply across the Asia-Pacific region.