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(NASDAQ: SHAZ) has entered into its first US$356 million committed senior secured, GPU-backed debt facility, priced at a fixed rate of 9.95% excluding fees.
The company, an Australian neocloud provider, stated that the facility is secured against GPUs and associated cash flows, with proceeds dedicated to deploying compute infrastructure for customer contracts.
The transaction includes participation from Goldman Sachs and select large private credit funds, described by the company as major Australian, Asian, and global investors.
Jarden Australia acted as the sole financial advisor and arranger for the deal.
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