SharonAI units enter US$356M senior secured GPU-backed term loan facilities

SharonAI Holdings Inc.

SAI AU No. 1 and No. 3 Pty Ltd entered a syndicated facility with up to US$356M: Facility A up to US$150M and Facility B up to US$206M, maturing 42 months after first utilization.
Facility A pays fixed 7.25% initially, rising to 9.95%; Facility B pays fixed 9.95%; overdue amounts add 2.00% default interest.
Proceeds fund servers, CPUs, GPUs, networking/storage for GPU compute capacity under a customer contract; obligations are secured by all Obligor assets and 100% equity of Borrowers/holding companies.
Company guarantee is to be released after Facility A repayment, making financing non-recourse except a management agreement and IP license; gross LTV covenant tested quarterly.
Press release cites Goldman Sachs and private credit investors, over 68,000 NVIDIA GPUs planned by mid-2027, and US$2.6bn capital raised over 10 months.

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