Nscale Services UK enters a $1.4B senior secured delayed-draw term loan to finance GPUs, at Term SOFR plus 5.00%

The parties

• Nscalecompany pageBorrower

The source

Nscale Form S-1, filed 2026-09-18Regulatory filing

Credit agreement dated 2026-02-11, Nscale Services UK LTD with Global Loan Agency Services Limited as agent (Exhibit 10.14; amended 2026-03-12, 2026-03-30 and 2026-04-29). Aggregate commitments $1.4B. Term SOFR or base rate plus 5.00%, with a potential 0.25% step-up, 0.00% floor. Secured by substantially all assets of the borrower and certain subsidiaries. The lenders are not named in the passage read.

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