ABN AMRO, DNB and Nordea lend Nscale's Norway subsidiary $790M for data center construction at Kvandal South

The parties

• Nscalecompany pageBorrower
• ABN AMROLender
• DNB BankLender
• NordeaLender

The source

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

Senior facilities agreement dated 2026-07-07; borrower Nscale Norway DC DA. A $725.0M senior term loan at Term SOFR + 3.00% to 3.75% depending on the period (0.00% floor), maturing six years after construction completion, plus a $65.0M revolving VAT facility at Term SOFR + 2.00%. Finances data center infrastructure capex in Norway, not GPUs. ABN AMRO Bank N.V., DNB Bank ASA and Nordea Bank Abp NUF are mandated lead arrangers and bookrunners (Exhibit 10.21).

The same parties, other deals

• Nscale agrees to provide Anthropic dedicated GPU infrastructure at its Monarch Compute Campus for up to about $44.6B$44.6B · 18 Sept 2026
• Nscale agrees to acquire Anyscale for $1.65B, settled in Nscale equity$1.65B · 18 Sept 2026
• Dell Financial Services leases computing equipment to Nscale under 40 schedules totalling about $2.54B of initial-term rent$2.54B · 18 Sept 2026
• 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
• Nscale enters a revolving credit facility with JPMorgan Chase as agent, upsized from $770M to $900M$900M · 18 Sept 2026