Vultr raises over $300 million in debt as Wall Street goes bigger in cloud infrastructure

Vultr Secures $329 Million in Credit Financing to Expand Global AI Infrastructure and Cloud Computing Platform

WEST PALM BEACH, Fla. -- Vultr, the world’s largest privately-held cloud infrastructure company, today announced the closing of a $255 million syndicated credit facility including a $35 million uncommitted accordion, in addition to $74 million of recently-closed lease financing, for a total of $329 million of credit financing. The syndicated credit facility was led by J.P. Morgan, Bank of America and Wells Fargo, with additional participation fr…

Vultr raises over $300 million in debt as Wall Street goes bigger in cloud infrastructure

Vultr is trying to build more capacity to handle traditional applications as well as artificial intelligence models.