West Palm Beach based Vultr, the world’s largest privately held cloud infrastructure company, has secured $329 million in new credit financing to fuel its global expansion in AI and cloud services. The capital package includes a $255 million syndicated credit facility, featuring a $35 million uncommitted accordion and an additional $74 million in lease financing.

The deal was led by J.P. Morgan, Bank of America, and Wells Fargo, with participation from Citi, Goldman Sachs, and KeyBank. Bank of America also led the capital expenditure portion of the financing.

The funding follows Vultr’s first ever equity raise in December 2024, led by LuminArx Capital Management and AMD Ventures, which valued the company at $3.5 billion. Founded in 2014 by David Aninowsky, Vultr had been self-funded for over a decade before opening to outside investors.

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. It accelerates our global expansion at a time when demand for independent, AI-ready infrastructure is exploding.

said, J.J. Kardwell, CEO of Vultr.

Vultr operates 32 cloud data center regions across six continents, positioning itself as a full-stack alternative to hyperscalers like AWS, Microsoft Azure, and Google Cloud. The company says it delivers price performance advantages and compliance benefits for enterprises, startups, and public sector clients deploying AI-native applications.

They’ve consistently proven their ability to innovate and scale in a dynamic sector.

said, Lorenzo Colonna di Paliano of J.P. Morgan Commercial Banking, in a statement.

Bank of America’s Theresa Provencher echoed the sentiment, highlighting the financing’s role in enabling Vultr’s global growth strategy.