Nscale signs $105m Macquarie facility for GPU equipment
The June 2025 senior credit agreement funded GPU and technology purchases, with borrowing drawn in August 2025 and January 2026.
Nscale signed a $105 million senior credit facility with Macquarie Bank Limited on 12 June 2025 to purchase GPUs and related technology equipment. The facility carried interest at monthly SOFR plus 7.5 percentage points and was scheduled to mature on 12 June 2029.
The company drew $70.1 million on 1 August 2025 and the remaining $34.9 million on 30 January 2026. Both drawings came from the same $105 million agreement. Repayments followed a monthly schedule linked to project cash flows, with additional payments tied to the lender’s required return.
The borrowing supported equipment deployment as Nscale expanded its AI computing infrastructure.
Use of funds
Purchase GPUs and related technology equipment