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Sharon AI Project Dolomites: the credit agreement on one page.
The Syndicated Facility Agreement (8-K Exhibit 10.1) filed on SEC EDGAR, summarised on the eight terms in-house teams negotiate first, each checked against the filed text.
- Borrower
- SAI AU No.1 Pty Ltd and SAI AU No.3 Pty Ltd
- Sponsor
- Sharon AI
- Signed
- Filed 1 October 2026
- Commitments
- $356m
- Administrative agent
- Global Loan Agency Services Australia Specialist Activities Pty Limited
- Arrangers and lenders
- Syndicate of original lenders
- Governing law
- New South Wales
- The filed agreement
- Syndicated Facility Agreement (8-K Exhibit 10.1)
- In the deal register
- The deal record
- Company profile
- What Sharon AI has signed
The terms
Eight terms
| Term | Position |
|---|---|
| Facility size | US$356m: US$150m Facility A, US$206m Facility B |
| Pricing | Fixed: Facility A 7.25% stepping up to 9.95%; Facility B 9.95% |
| Final maturity | 42 months from drawing, repaid in one bullet |
| The customer contract | One customer master services agreement and its service orders (customer redacted) |
| Financial covenant | Gross loan to value against depreciated server cost (levels redacted), with an equity cure |
| Cash trap and sweep | A share of excess cash swept from customer acceptance |
| Prepayment premium | Make-whole on Facility B |
| Change of control | Sharon AI below 50.1%: a review event, then repayment on 45 days’ notice |
Each term links to the same term across all 12 filed facilities. Subscribers see the filed wording below.
Compare
The other filed facilities
Method
The agreements are the exhibits filed on SEC EDGAR as at 28 October 2026, in the form filed: later amendments can change any term, and redacted figures are shown as redacted. Every quotation is checked against the filed document before it is published, and the build stops on any that has not been. The position beside each quotation is a plain summary of it. Nothing here comments on the credit of any borrower or sponsor. General information drawn from public filings. It is not legal advice on any transaction, and using this page does not create a lawyer-client relationship. Views are personal.
