SharonAI Holdings Inc. (NASDAQ: SHAZ) announced on September 28, 2026, the entry into a syndicated facility agreement with Australian subsidiaries. The facility, valued at an aggregate of up to US$356,000,000, is divided into two tranches: Facility A, capped at US$150,000,000, and Facility B, capped at US$206,000,000.
The agreement was executed between the Borrowers—SAI AU No. 1 Pty Ltd and SAI AU No. 3 Pty Ltd—and a group of lenders, including Goldman Sachs and select large private credit funds. The loan is structured as a senior secured term loan, with the Borrowers’ obligations guaranteed by their immediate holding companies and, on a limited basis, by SharonAI Holdings Inc. itself.
Interest rates are set at 7.25% per annum for Facility A, which increases to a maximum of 9.95% per annum, while Facility B carries a fixed rate of 9.95% per annum throughout its term. The maturity date for both facilities is 42 months from the date of first utilization, with repayment due in a lump sum.
Proceeds from the facility are designated to finance and refinance the acquisition and deployment of servers, GPUs, networking equipment, and storage infrastructure at contracted data center facilities. The company stated that the facility is the first in a series of financings expected to support the build-out of over 68,000 NVIDIA GPUs by mid-2027.
SharonAI noted that the facility is secured against the GPUs and associated cash flows, and the contract-backed funding structure reflects the security and delivery discipline underpinning its platform. The company also highlighted that it has secured over US$2.6 billion in institutional debt and equity capital over the past 10 months.
