Vultr Secures $329m in Credit Financing

Cloud infrastructure provider Vultr has secured $329 million in credit financing to help further expand its AI infrastructure and cloud computing platform. The financing is made up of a $255 million syndicated credit facility, including a $35 million uncommitted accordion, and $74 million of recently closed lease financing, which was led and syndicated by Bank of America.

“This milestone credit facility from some of the world’s most respected financial institutions is a strong validation of Vultr’s financial strength, operational discipline, and long-term vision,” said J.J. Kardwell, CEO of Vultr. “Building on our recent $3.5 billion valuation equity financing, this credit facility further accelerates our global expansion. For enterprises, AI innovators, governments, and compliance-driven organisations, Vultr provides an independent, transparent, and institutional-quality alternative to the hyperscalers."

“J.P. Morgan is thrilled to support Vultr’s continued growth and success,” added Lorenzo Colonna di Paliano, innovation economy market executive, J.P. Morgan Commercial Banking. “Throughout our longstanding relationship, Vultr has shown time and again their ability to innovate and scale in a dynamic sector. We’re proud to contribute to their journey and help Vultr achieve new heights in the cloud computing industry.”