Vultr, the world’s largest privately-held cloud infrastructure firm, right now introduced the closing of a $255 million syndicated credit score facility together with a $35 million uncommitted accordion, along with $74 million of recently-closed lease financing, for a complete of $329 million of credit score financing. The syndicated credit score facility was led by J.P. Morgan, Financial institution of America and Wells Fargo, with further participation from Citi, Goldman Sachs and KeyBank. Vultr plans to make use of the extra capital to increase its world footprint of synthetic intelligence (AI) and cloud computing infrastructure to serve its rapidly-growing buyer base, additional solidifying its management place within the impartial cloud supplier market.
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“J.P. Morgan is thrilled to help Vultr’s continued development and success,” mentioned Lorenzo Colonna di Paliano, Innovation Financial system Market Govt, J.P. Morgan Industrial Banking. “All through our longstanding relationship, Vultr has proven again and again their potential to innovate and scale in a dynamic sector. We’re proud to contribute to their journey and assist Vultr obtain new heights within the cloud computing {industry}.”
As a part of this new credit score facility, Vultr additionally secured $74 million in capital expenditure financing led and syndicated by Financial institution of America. “This financing answer will additional help Vultr’s development targets and people of their purchasers,” mentioned Theresa Provencher, Managing Director, Syndications in World Leasing, Financial institution of America.
This new credit score facility follows Vultr’s announcement of its first-ever fairness financing led by LuminArx Capital Administration and AMD Ventures in December 2024. Based in 2014 by David Aninowsky and self-funded for over a decade, Vultr gives industry-leading scalability, world attain, compliance and price-to-performance for AI infrastructure and cloud computing. Vultr plans to leverage the power to proceed its enlargement of world cloud infrastructure and allow a brand new period of AI-native purposes. With 32 cloud information heart areas throughout six continents, Vultr is the one globally-available, worthwhile, full-stack AI infrastructure and cloud computing platform.
“This milestone credit score facility from a few of the world’s most revered monetary establishments is a powerful validation of Vultr’s monetary energy, operational self-discipline, and long-term imaginative and prescient,” mentioned J.J. Kardwell, CEO of Vultr. “Constructing on our current $3.5 billion valuation fairness financing, this credit score facility additional accelerates our world enlargement. For enterprises, AI innovators, governments, and compliance-driven organizations, Vultr gives an impartial, clear, and institutional-quality different to the hyperscalers.”
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