Nscale Secures $900M Credit Facility for AI Data Center Expansion

On July 7, UK-based AI infrastructure startup Nscale said it had secured a $900 million revolving credit facility to accelerate AI data center construction across Europe, the US, and Asia-Pacific. The facility was syndicated by eight major financial institutions including JP Morgan, Goldman Sachs, Morgan Stanley, Mitsubishi UFJ Financial Group, RBC Capital Markets, Bank of America, Deutsche Bank, and Mizuho. Nscale, which operates an AI cloud platform spanning software, computing, and power through owned and colocated data centers, said the credit line would provide flexible liquidity. The company has previously raised $2 billion in combined financing at a $14.6 billion valuation.
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