Funding
Senior secured term loan · AI

NexGen Cloud closes $106 million loan for Finnish GPU capacity

USD.AI led the four-year facility, joined by Silver Point Capital and Victory Park Capital.

By RoundOS Funding desk

NexGen Cloud closed a $106 million senior secured term loan announced on October 29, 2026. USD.AI led the financing through its GPU Loan Exchange, with Silver Point Capital and Victory Park Capital participating as lenders.

The four-year facility finances 216 NVIDIA HGX B300 servers at a data centre in Finland. Funding into escrow is scheduled alongside server shipment, expected in the fourth quarter of 2026. NexGen Cloud provides cloud computing infrastructure for AI workloads.

Use of funds

GPU capacity deployment in Finland

Funding history

Senior secured term loan · This round$106M
Non-recourse debt facility$34M

Sources

  1. USD.AI NexGen loan original release with prior financing referencesprnewswire.com · Oct 29, 2026
  2. nexgencloud.com

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