InfraCompute / Deals
Nscale: North Carolina GPU DDTL
GPU secured for Nscale, 31 August 2026.
Key terms
- Borrower or issuer
- Nscale
- Date
- 31 August 2026
- Structure
- GPU secured
- Amount
- US$1.2bn
- Pricing
- Floating: 3M Term SOFR + 2.375%; fixed: SOFR swap rate + 2.375%As stated in the source below
- Maturity
- December 2031
Recorded terms
- Lender type
- Bank loansNamed lender: Goldman Sachs + JPMorgan (JLAs)
- Security
- GPU equipment-related collateral; detailed package requires review
- Maturity
- December 2031
- Amount m · earlier observation
- 1200As of 31 August 2026
Selected source field only; no all-in-cost or current-balance conclusion.
- Currency · earlier observation
- USDAs of 31 August 2026
Selected source field only; no all-in-cost or current-balance conclusion.
- Event date · earlier observation
- 31 August 2026As of 31 August 2026
Selected source field only; no all-in-cost or current-balance conclusion.
- Margin bp · earlier observation
- 237.5As of 18 September 2026
Floating tranche only; no fixedcoupon inferred.
- Benchmark · earlier observation
- three-month Term SOFRAs of 18 September 2026
Selected source field only; no all-in-cost or current-balance conclusion.
- Borrower legal name · earlier observation
- Nscale NC Borrower SPV, LLCAs of 18 September 2026
Selected source field only; no all-in-cost or current-balance conclusion.
- Floating commitment m · earlier observation
- 830As of 18 September 2026
Selected source field only; no all-in-cost or current-balance conclusion.
- Fixed commitment m · earlier observation
- 370As of 18 September 2026
Selected source field only; no all-in-cost or current-balance conclusion.
- Maturity · earlier observation
- December 2031As of 18 September 2026
Selected source field only; no all-in-cost or current-balance conclusion.
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
- 5
- Governing law
- New York law
- Quoted in the clause and contract libraries
- 0
THIS AMENDMENT SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAW OF THE STATE OF NEW YORK.
From the Amendment No. 2 to Revolving Credit and Guaranty Agreement, 30 Jun 2026 (S-1 Ex 10.18(b)), filed with the SEC.
| Filed document | Dated | Governing law | In InfraCompute |
|---|---|---|---|
| Nscale Limited Form S-1 registration statement, 18 Sep 2026 (prospectus: debt descriptions, exhibit index) | 18 September 2026 | – | – |
| Amendment No. 2 to Revolving Credit and Guaranty Agreement, 30 Jun 2026 (S-1 Ex 10.18(b)) | 30 June 2026 | New York law | – |
| Amendment No. 1 to Revolving Credit and Guaranty Agreement, 17 Jun 2026 (S-1 Ex 10.18(a)) | 17 June 2026 | New York law | – |
| Amendment No. 3 to Credit Agreement, 29 Apr 2026 (S-1 Ex 10.17) | 29 April 2026 | New York law | – |
| Amendment No. 2 to Credit Agreement, 30 Mar 2026 (S-1 Ex 10.16) | 30 March 2026 | New York law | – |
In-house counsel working on similar terms? Ask Randeep for a market check or see what is market.
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 September 2026 S-1 — selected indebtedness and financial-note paragraphsSource date: 18 September 2026
- Nscale Closes Approximately $3 Billion in Financing for Ward County and MadisonSource date: 31 August 2026
About this record
Compiled from the sources above. Terms are as announced and may have changed since. Methodology · Send a correction.
