Gilbert + Tobin has advised a lender group on a USD356 million graphics processing unit (GPU) financing for SharonAI (SHAZ). The financing supports SHAZ’s acquisition and deployment of AI compute infrastructure in Australia. The lender group includes marquee Australian, Asian and global lenders, including Goldman Sachs and select large private credit funds.
The facilities will fund NVIDIA GPUs, central processing units (CPUs), networking and storage. This equipment supports SHAZ’s delivery of AI infrastructure services under a major customer contract.
G+T advised the lenders across all aspects of the transaction, including the debt financing arrangements, GPU supply, data centre colocation and customer contract arrangements. The matter required close coordination across debt financing and technology workstreams, reflecting the integrated nature of AI infrastructure projects.
Partner John Schembri and Special Counsel James Frixou led the team. Edmund Poon, Carol Chai, Kosta Patsiotis and Phyllis He supported them.
Technology partner Michael Caplan and Astan Ure led on the material contract due diligence and intercompany IP and management arrangements.
Partner Anna Schwartz from Banking and Projects also supported the team.
John Schembri commented:
John SchembriAI infrastructure is emerging as a major new asset class, with significant capital required to turn compute demand into deployed capacity. This transaction brings together specialist lenders, high-value NVIDIA infrastructure and contracted demand to support SHAZ’s next phase of growth in Australia.
James Frixou commented:
James FrixouWe’re pleased to have supported the lenders to SHAZ on this innovative financing. GPU financing is becoming an important part of the infrastructure needed to support AI compute capacity. We thank the lenders and the SHAZ team for trusting us with such an important transaction. The transaction drew on expertise from across G+T, showing how multidisciplinary AI infrastructure financing has become.
