Nscale enters a revolving credit facility with JPMorgan Chase as agent, upsized from $770M to $900M

The parties

• Nscalecompany pageBorrower
• JPMorgan ChaseLender

The source

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

Revolving Credit and Guaranty Agreement dated 2026-05-08, Nscale Global Holdings Limited with JPMorgan Chase Bank, N.A. and others (Exhibit 10.18, amended 2026-06-17 and 2026-06-30). Initial commitment $770.0M with a $200.0M letter-of-credit sublimit; upsized to $900.0M as of 2026-06-30. Term SOFR + 1.75% or alternate base rate + 0.75%. Incremental capacity up to $500.0M plus an unlimited amount subject to leverage ratios. Initial maturity the third anniversary of the effective date, with two one-year extension options for lenders.

The same parties, other deals

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• Nscale signs a multi-year GPU services agreement with Figure AI and takes a strategic stake in Figureundisclosed · 18 Sept 2026
• Nscale Services UK enters a $1.4B senior secured delayed-draw term loan to finance GPUs, at Term SOFR plus 5.00%$1.4B · 18 Sept 2026