KB Kookmin arranges 12.6 trillion won in GPU infrastructure financing for Naver Cloud
Prepared by Sintelligent with the help of SI. Published in SI: . Updated: .
GPUs are becoming standalone assets for major lending deals, offering another way to expand computing capacity quickly.
KB Kookmin Bank has become the lead arranger for a Brookfield-led project worth 12.6 trillion won ($9.45 billion). The funding will buy high-performance computing equipment, including GPUs, with Naver Cloud receiving the computing capacity. Around 10.7 trillion won is set to be raised through loans; KB Kookmin is assembling the lending syndicate and negotiating terms. According to The Korea Times, this is South Korea's largest-ever syndicated loan and its first GPU financing deal: the debt will be serviced from expected long-term revenue from supplying computing capacity.
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