Nscale has secured a $900 million revolving credit facility backed by global banks, including J.P. Morgan, Goldman Sachs, Morgan Stanley and Bank of America.
The facility follows Nscale’s $790 million debt raise for its Norway AI campus and its $2 billion Series C.
The capital will support new AI data centres and cloud infrastructure across the US, Europe and Asia-Pacific as demand for AI compute continues to outstrip supply.
Josh Payne raised $2 billion in equity this year. He didn’t need another round, yet a credit line.
Nscale, the London-headquartered AI cloud platform, closed a $900 million revolving credit facility. That gives it cash on tap to build data centres across the US, Europe and Asia-Pacific without selling more of the company. J.P. Morgan, Goldman Sachs, Morgan Stanley, MUFG, RBC Capital Markets, Bank of America, Crédit Agricole CIB, Deutsche Bank, Mizuho, SMBC, TD Securities, and KeyBank N.A. all signed on.
