Nvidia-backed Zankore syndicates $3.1B loan for GPUs

Zankore, an Indonesia-based AI infrastructure company backed by Nvidia, is syndicating a US$3.1 billion five-year loan to finance GPUs for its new AI factory in Central Java. Citigroup and United Overseas Bank are among five original underwriters marketing the deal, which includes a six-year contract with Nvidia featuring revenue sharing and credit support. The initial 100-megawatt phase aims to meet hyperscale data center power demand. Open article →