Vultr, the world’s largest privately-held cloud infrastructure company, is announcing that a recent syndicated credit facility has yielded $255 million, coupled by an additional $25 million uncommitted accordion and $74 million lease financing—resulting in a total of $329 million of credit financing. This infusion of capital will empower Vultr’s AI and cloud computing innovations, helping to support its growing customer base.
The syndicated credit facility was led by J.P. Morgan, Bank of America, and Wells Fargo, with additional participation from Citi, Goldman Sachs, and KeyBank. The capital expenditure financing was led and syndicated by Bank of America.
“J.P. Morgan is thrilled to support Vultr’s continued growth and success,” said 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.”
As a provider of scalable, global, compliant, cost efficient AI infrastructure and cloud computing, Vultr’s recent funds helps affirm its position as a leader in the independent cloud provider market, according to the company. This will continue to drive Vultr’s global expansion, where currently, Vultr maintains 32 cloud data center regions across six continents.
“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 organizations, Vultr provides an independent, transparent, and institutional-quality alternative to the hyperscalers."
To learn more about Vultr, please visit https://www.vultr.com/.