Core42, a G42 company operating as a sovereign AI infrastructure operator, has arranged two structured trade finance facilities totalling US$550 million with HSBC.

The capital will be used to accelerate the expansion of the firm’s AI cloud and compute deployments across the US and Europe.

The arrangement consists of two separate facilities. These include a US$240 million tranche completed in February 2026 and a US$310 million tranche completed in May 2026.

The structures match the capital intensity and deployment cycles of large-scale AI cloud infrastructure. They also support capacity buildouts tied to long-term contracted demand.

Both facilities are non-equity dilutive, allowing Core42 to expand its global footprint while maintaining its existing capital allocation approach.

The company serves enterprise, government, and hyperscale customers from its headquarters in the UAE and its European headquarters in Dublin.

Financing Large-Scale Compute

As AI shifts into mission-critical corporate and government deployment, access to structured trade finance serves as a mechanism for companies to scale up physical compute platforms.

This allows them to do so without reducing equity ownership.

“The trade finance facilities represent a defining moment for Core42 and for the broader AI infrastructure sector, reflecting growing institutional recognition of AI architecture as long-duration, industrial-grade capacity,”

said Neha Gupta, Chief Financial Officer at Core42.

Gupta added that the provision of the facilities by HSBC will strengthen Core42’s ability to deploy capacity at speed across the US and Europe while maintaining financial discipline and a long-term growth framework.

European and Global Expansion

Core42 is currently implementing its sovereign artificial intelligence ecosystem model in Europe.

Alongside its Dublin headquarters, the company has deployments underway in France and Italy. It is also working with local governance partners across key regional markets.

The infrastructure supports enterprise-grade workloads and sovereign data demands, which require specific governance structures and cross-border clarity.

Commenting on the structure of the facilities, Shaikha AlMarri, Head of Banking UAE at HSBC, said the structures support current deployments while establishing a framework for future funding initiatives.

“By providing this flexibility, HSBC demonstrates a strong appreciation of the unique requirements and dynamics within the technology sector,”

AlMarri said.

Featured image credit: Edited by Fintech News UAE, based on image by Frolopiaton Palm via Magnific