Latham Represents Victory Park Capital in Debt Financing for Crusoe’s Expanded Iceland Data Center Capacity With atNorth

Crusoe, the industry’s first vertically integrated AI infrastructure provider, has announced with atNorth, a leading Nordic data center services provider, an expansion of Crusoe Cloud capacity in atNorth’s Iceland ICE02 data center, powered by clean energy. This strategic expansion is designed to meet the surging demand for Crusoe Cloud services from customers of all sizes across Europe and North America. To support this initiative, Crusoe has secured a US$175 million credit facility from Victory Park Capital, a leading global alternative investment firm specializing in private credit.

Latham & Watkins LLP represented Victory Park Capital in the financing with a private credit team led by partners Paul Bonewitz and Victor Ludwig, with associate Christian DeSimone. Advice was also provided on data and technology transactions matters by partner Morgan Brubaker; and on tax matters by partner Bora Bozkurt.