Hyperscale Data Subsidiary AGREE's Minority Holding Fouquet's New York Completes Financing of $145 Million with Goldman Sachs Affiliated Funds
Hyperscale Data (NYSE American: GPUS) announced that its indirect subsidiary Ault Global Real Estate Equities (AGREE) has secured a significant financing deal through its minority holding, Fouquet's New York. The financing package of $145 million was completed with Goldman Sachs-affiliated funds.
The transaction allows Fouquet's to refinance its senior debt at favorable leverage terms, with potential for increased future cash flow. Executive Chairman Milton "Todd" Ault III expressed confidence in Fouquet's position as an emerging iconic New York property.
Hyperscale Data (NYSE American: GPUS) ha annunciato che la sua controllata indiretta Ault Global Real Estate Equities (AGREE) ha ottenuto un importante finanziamento tramite la sua partecipazione minoritaria in Fouquet's New York. Il pacchetto finanziario di 145 milioni di dollari è stato finalizzato con fondi affiliati a Goldman Sachs.
La transazione consente a Fouquet's di rifinanziare il suo debito senior con condizioni di leva finanziaria favorevoli, con potenziale aumento del flusso di cassa futuro. Il Presidente Esecutivo Milton "Todd" Ault III ha espresso fiducia nella posizione di Fouquet's come proprietà iconica emergente di New York.
Hyperscale Data (NYSE American: GPUS) anunció que su subsidiaria indirecta Ault Global Real Estate Equities (AGREE) ha asegurado un importante acuerdo de financiamiento a través de su participación minoritaria en Fouquet's New York. El paquete financiero de 145 millones de dólares se completó con fondos afiliados a Goldman Sachs.
La transacción permite a Fouquet's refinanciar su deuda senior en términos de apalancamiento favorables, con potencial para un aumento en el flujo de caja futuro. El presidente ejecutivo Milton "Todd" Ault III expresó confianza en la posición de Fouquet's como una propiedad icónica emergente en Nueva York.
Hyperscale Data (NYSE American: GPUS)는 간접 자회사인 Ault Global Real Estate Equities (AGREE)가 소수 지분을 보유한 Fouquet's New York을 통해 상당한 자금 조달 계약을 체결했다고 발표했습니다. 1억 4500만 달러 규모의 자금 조달 패키지는 골드만 삭스 계열 펀드와 함께 완료되었습니다.
이번 거래는 Fouquet's가 우호적인 레버리지 조건으로 선순위 부채를 재융자할 수 있게 하며, 향후 현금 흐름 증가 가능성을 열어줍니다. 집행 회장 Milton "Todd" Ault III는 Fouquet's가 뉴욕의 떠오르는 상징적인 부동산으로 자리매김할 것이라 자신감을 표명했습니다.
Hyperscale Data (NYSE American : GPUS) a annoncé que sa filiale indirecte Ault Global Real Estate Equities (AGREE) a obtenu un financement important via sa participation minoritaire dans Fouquet's New York. Le financement de 145 millions de dollars a été finalisé avec des fonds affiliés à Goldman Sachs.
Cette opération permet à Fouquet's de refinancer sa dette senior à des conditions de levier favorables, avec un potentiel d'augmentation des flux de trésorerie futurs. Le président exécutif Milton "Todd" Ault III s'est dit confiant quant à la position de Fouquet's en tant que propriété emblématique émergente de New York.
Hyperscale Data (NYSE American: GPUS) gab bekannt, dass seine indirekte Tochtergesellschaft Ault Global Real Estate Equities (AGREE) eine bedeutende Finanzierungsvereinbarung über ihre Minderheitsbeteiligung an Fouquet's New York gesichert hat. Das Finanzierungsvolumen von 145 Millionen US-Dollar wurde mit Fonds abgeschlossen, die mit Goldman Sachs verbunden sind.
Die Transaktion ermöglicht es Fouquet's, seine vorrangigen Schulden zu günstigen Hebelbedingungen umzuschulden, mit Potenzial für einen erhöhten zukünftigen Cashflow. Executive Chairman Milton "Todd" Ault III zeigte sich zuversichtlich bezüglich der Position von Fouquet's als aufstrebendes ikonisches New Yorker Anwesen.
- Secured substantial $145 million financing from Goldman Sachs-affiliated funds
- Refinancing achieved at attractive leverage levels
- Potential for future cash flow upside
- Limited to minority holding position in Fouquet's New York
"We are proud to hold a minority interest in what we believe will be an iconic
For more information on Hyperscale Data and its subsidiaries, Hyperscale Data recommends that stockholders, investors, and any other interested parties read Hyperscale Data's public filings and press releases available under the Investor Relations section at hyperscaledata.com or available at www.sec.gov.
About Hyperscale Data, Inc.
Through its wholly owned subsidiary Sentinum, Inc., Hyperscale Data owns and operates a data center at which it mines digital assets and offers colocation and hosting services for the emerging artificial intelligence ("AI") ecosystems and other industries. Hyperscale Data's other wholly owned subsidiary, Ault Capital Group, Inc. ("ACG"), is a diversified holding company pursuing growth by acquiring undervalued businesses and disruptive technologies with a global impact.
Hyperscale Data currently expects to divest itself of ACG (the "Divestiture") on or about December 31, 2025, though there can be no assurance that the Divestiture will be completed during 2025. Upon the occurrence of the Divestiture, the Company would solely be an owner and operator of data centers to support high-performance computing services, though it may at that time continue to operate in the digital asset space as described in the Company's filings with the SEC. Until the Divestiture occurs, the Company will continue to provide, through ACG and its wholly and majority-owned subsidiaries and strategic investments, mission-critical products that support a diverse range of industries, including an AI software platform, social gaming platform, equipment rental services, defense/aerospace, industrial, automotive, medical/biopharma and hotel operations. In addition, ACG is actively engaged in private credit and structured finance through a licensed lending subsidiary. Hyperscale Data's headquarters are located at 11411 Southern Highlands Parkway, Suite 190,
On December 23, 2024, the Company issued one million (1,000,000) shares of a newly designated Series F Exchangeable Preferred Stock (the "Series F Preferred Stock") to all common stockholders and holders of the Series C Convertible Preferred Stock on an as-converted basis. The Divestiture will occur through the voluntary exchange of the Series F Preferred Stock for shares of Class A Common Stock and Class B Common Stock of ACG (collectively, the "ACG Shares"). The Company reminds its stockholders that only those holders of the Series F Preferred Stock who agree to surrender such shares, and do not properly withdraw such surrender, in the exchange offer through which the Divestiture will occur, will be entitled to receive the ACG Shares and consequently be stockholders of ACG upon the occurrence of the Divestiture.
Forward-Looking Statements
This press release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements generally include statements that are predictive in nature and depend upon or refer to future events or conditions, and include words such as "believes," "plans," "anticipates," "projects," "estimates," "expects," "intends," "strategy," "future," "opportunity," "may," "will," "should," "could," "potential," or similar expressions. Statements that are not historical facts are forward-looking statements. Forward-looking statements are based on current beliefs and assumptions that are subject to risks and uncertainties.
Forward-looking statements speak only as of the date they are made, and the Company undertakes no obligation to update any of them publicly in light of new information or future events. Actual results could differ materially from those contained in any forward-looking statement as a result of various factors. More information, including potential risk factors, that could affect the Company's business and financial results are included in the Company's filings with the
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SOURCE Hyperscale Data Inc.
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