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Nscale GPU loan
Nscale draws as hardware goes in, for GPU systems tied to signed customer contracts across Europe.
- Size
- $1.4B · Delayed draw term loan backed by GPUs.
- Date
- Type
- GPU-backed loan
- Status
- Closed
Who does what
- PIMCOits funds led the facility
- Blue Owlits funds led the facility
- LuminArxits funds led the facility
- Goldman Sachsstructuring and placement agent
- Nscalethe borrower
What we don’t know
- The other lenders
Since then, in the event log
Sources
- Nscale bags $1.4bn loan as AI infrastructure shifts to private credit City AM · Feb 13, 2026
We opened each of these on Oct 30, 2026.
See it on the debt map. Not financial advice.