InfraCompute / Deals
Macquarie: Iceland GPU facility
GPU-backed loan for Nscale, US$332m, 29 July 2026.
Key terms
- Borrower or issuer
- Nscale
- Date
- 29 July 2026
- Structure
- GPU-backed loan
- Amount
- US$332m
- Pricing
- Term SOFR + 5.50% plus MOIC-based additional paymentsAs stated in the source below
- Tenor
- Availability to 31 Dec 2026; final maturity 46 months after first utilisation
What’s notable
A US$332m facility where Macquarie Bank (London Branch) acts as mandated lead arranger, facility agent and security agent. It funds GPU purchases in Iceland, with final maturity 46 months after first use. Security is taken under English, Irish and Icelandic law.
Recorded terms
- Lender type
- Bank loansNamed lender: Macquarie Bank Limited (London Branch) (security_agent)
- Tenor
- Availability to 31 Dec 2026; final maturity 46 months after first utilisation
- Security
- English, Irish and Icelandic security; guarantees; Irish account pledge
- Lenders and arrangers
- Macquarie Bank London (agent, MLA, security agent)
Parties
Similar financings
Same structure, other borrowers, closest in date.
More from Nscale
Filed documents and legal terms
The documents behind this financing that are filed on SEC EDGAR, with the governing law each states. Read any document in full before relying on it; filers may redact commercial terms.
- Filed documents
- 1
- Governing law
- English law
- Quoted in the clause and contract libraries
- 0
GOVERNING LAW This Agreement and any non‑contractual obligations arising out of or in connection with it are governed by English law.
From the Senior Facility Agreement (S-1 Ex 10.22), filed with the SEC.
| Filed document | Dated | Governing law | In InfraCompute |
|---|---|---|---|
| Senior Facility Agreement (S-1 Ex 10.22) | 29 July 2026 | English law | – |
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For counsel on this deal
Acting for a lender, borrower or sponsor on a financing like this? Start from the filed precedents. Previews are open; the full text is free with InfraCompute Weekly.
Sources
- Nscale Services Iceland III Senior Facility Agreement, Exhibit10.22Source date: 29 July 2026
About this record
Compiled from the sources above. Terms are as announced and may have changed since. Methodology · Send a correction.
