SharonAI Holdings Inc., which trades on Nasdaq as SHAZ, said on October 1, 2026 that it had entered into its first GPU-backed debt facility, a US$356m committed senior secured SPV facility priced at a fixed rate of 9.95%, excluding fees. The New York-datelined announcement was filed with the US Securities and Exchange Commission as an exhibit to a company filing.
What the company announced
Sharon AI, which describes itself as a leading Australian Neocloud delivering trusted AI infrastructure, said proceeds from the facility will support the deployment of compute infrastructure dedicated to customer contracts.
According to the company, the facility will be secured against the GPUs and associated cash flows. Sharon AI said the contract-backed funding structure reflects what it called the security and delivery discipline underpinning its platform, and marks a further step toward its stated ambition of delivering gigawatt-scale AI compute capacity across Australia, New Zealand and the broader Asia-Pacific.
Who is involved
The company said the facility includes marquee Australian, Asian and global investors, including Goldman Sachs and select large private credit funds. Jarden Australia acted as sole financial advisor and arranger, according to the release.
Sharon AI said this is the first in an expected series of GPU financings supporting the scheduled build out of over 68,000 NVIDIA GPUs deployed by mid-2027.
Capital raised and customer book
With the closing of the transaction, Sharon AI said it will have secured over US$2.6bn of institutional debt and equity capital over the past 10 months. The company said that underscores its ability to access diversified sources of capital as it scales its platform for customers it described as hyperscale, AI natives, government, enterprise and research organizations.
Chief Executive and co-founder James Manning said: "As demand for sovereign and secure, trusted AI infrastructure continues to outpace available supply globally, and particularly across Australia, New Zealand and the broader Asia-Pacific, access to scalable debt capital is an important enabler of our growth."
Manning added that the facility demonstrates how the company expects to access debt markets to fund its GPU deployments, "leveraging our book of quality customer offtake now standing at a TCV of over US$8.8bn." He said the structure is designed to enhance return on equity and ultimately drive increased long-term shareholder value.
Caveats
The release is a company announcement, and its figures and plans are Sharon AI's own claims rather than independently verified data.
The document carries a forward-looking statements disclaimer, noting that statements about future GPU financings, data center expansion, fulfillment of customer contracts and the effect of debt structures are not guarantees of future performance and that actual results may differ materially. The company pointed readers to the risk factors in its most recent Annual Report on Form 10-K filed with the SEC.
Key facts and where they come from
- The facility is a US$356m committed senior secured, GPU-backed SPV debt facility at a fixed 9.95% rate, excluding fees.
inaugural US$356m committed senior secured, GPU-backed SPV debt facility priced at a fixed rate of 9.95%, excluding fees
- The debt is secured against the GPUs and associated cash flows.
The facility will be secured against the GPUs and associated cash flows
- Investors include Goldman Sachs and select large private credit funds.
The facility includes marquee Australian, Asian and global investors including Goldman Sachs and select large private credit funds.
- It is the first of an expected series of GPU financings supporting a build out of more than 68,000 NVIDIA GPUs by mid-2027.
the first in an expected series of GPU financings supporting the scheduled build out of over 68,000 NVIDIA GPUs deployed by mid-2027
- Sharon AI says it will have secured over US$2.6bn of institutional debt and equity capital over the past 10 months.
Sharon AI will have secured over US$2.6bn of institutional debt and equity capital over the past 10 months
- The company puts its customer offtake book at a total contract value of over US$8.8bn.
leveraging our book of quality customer offtake now standing at a TCV of over US$8.8bn
- Jarden Australia was sole financial advisor and arranger.
Jarden Australia acted as sole financial advisor and arranger.