Borrower-side debt advisory for the companies building AI's supply chain — from minerals to megawatts to models.
$400B+
requested financing in pipeline
$8.5B+
debt transactions advised
300+
lenders with AI appetite
The one you're raising into.
The terms of that borrowing decide how fast — and how safely — each layer gets built. Including yours.
The four largest hyperscalers alone: ≈$1.7T across 2022–2026, and $1T+ more projected for 2027. Sources: company reports; analyst consensus.
Meta — Hyperion campus
Data centers · 2025
≈$27B
Amazon — bond package
Hyperscaler · July 2026
$25B
xAI — GPU fleet
Cloud compute · 2025
≈$12.5B
CoreWeave — GPU-backed
Cloud compute · 2026
$8.5B
Real, publicly reported transactions — not ELO deals. AI borrowers raised $200B+ of debt in 2025 alone; GPU-backed debt is now rated investment grade.
Federal Reserve survey, April 2026: tighter standards, covenants and collateral. Private credit fills the gap — at a premium.
What raising it alone costs.
Sees hundreds of deals like yours every year. They can tell you've never done this — instantly.
Write covenants you don't know how to handle. You'll sign clauses you don't fully understand.
Knows exactly what everyone else is paying. You don't — so they quote you high.
You do this once every few years. No idea what a fair deal looks like right now.
That's it. That's your whole team.
They make money from your inexperience — every single day.
Their offer expires soon. Your project is burning money while you wait. So you take it.
They've watched companies like yours fail before. Every protection in the contract is for them — not you.
The dangerous clauses look like standard paperwork. You won't spot them until they cost you.
Real case: CoreWeave borrowed $7.6B against its GPUs. Then it bought GPUs in Europe — but the contract said US only. That one clause put the whole loan in default, days before their IPO. They never missed a payment. The fine print did it.
Prepayment penalties, cross-default clauses and collateral locks keep borrowers inside facilities that no longer fit. Structure decides which line you're on.
One soft quarter trips a technical default — and the lender now holds the pen.
Waiver fees + default-rate interest, typically +2%
Short paper on a long build, or floating rate unhedged — fine until the market moves.
A refinancing cliff at the worst possible moment
Blanket liens leave nothing to secure the next facility — the buildout stalls.
Growth frozen · forced equity at a discount
Without a market check, the premium compounds quietly for the life of the facility.
Millions in silent excess interest — every year
$200M
A typical mid-market infrastructure facility
+2.00%
Rate above what a competed process could reach
5 yrs
Life of the facility
$20M
of extra interest — before arrangement fees, prepayment penalties and the cost of covenants that don't fit the business.
Illustrative Not a promise of savings — an illustration of why the complete package is worth competing for.
How ELO runs it for you.
The outcome: 6–7 real offers on the table, compared side by side — you choose with leverage.
A hundred mandates across a hundred industries. Many lender names — thin appetite in your field, and no depth in your collateral.
These industries are one supply chain — the same buildout, the same lenders. We keep one live map of who wants which asset, so appetite for your mandate is already known.
Deal count isn't expertise. Field depth is — and your deal lives in our field.
30+
lenders in our personal network — relationships, not a contact list
300+
lenders with verified appetite for AI infrastructure, mapped by asset, structure and ticket
It's not how many lenders a firm knows — it's how many want your asset. We track appetite, not names.
One mandate, fully executed — you keep building while ELO runs the process.
We work from your actual financials, contracts and project documents — every number traceable.
How much debt the business can carry — and what happens in a downside.
Lenders screened for your asset, size, geography and structure.
Every proposal in one grid — rate, fees, covenants, conditions.
Questions, deadlines, approvals and closing conditions, tracked to the wire.
Software makes us faster. Our team makes every decision — and your information never leaves the mandate.
Indicative Weekly reporting throughout. Timelines vary by structure, collateral and market conditions.
$400B+
Cumulative requested debt financing entered into ELO's pipeline
$8.5B+
Debt transactions advised by the team
75+
Years of cumulative team experience
Why borrowers trust ELO.
| Path | What you get | The constraint | |
|---|---|---|---|
| Bank only | Strong economics, when it fits | One credit box; a formal approval path | |
| Direct provider first | Speed and customization | Often a premium — and no market check | |
| Matching platform | Discovery and introductions | No structuring, negotiation or closing | |
| Internal execution | No advisory fee | Management time; limited price discovery | |
| ELO | The complete borrower-side system | Accountable from analysis to funding |
ELO is not a lender. We advise the borrower — and only the borrower.
Firm strategy, senior client relationships, financing direction.
Process management, analysis, diligence, lender outreach, closing.
Positioning, communications, origination support, client engagement.
International banking, 25+ years — cross-border, growth, acquisition, refinancing and project finance.
Business finance, 30+ years — banking, lender relationships, acquisitions, capital planning, negotiations.
We'll manage the path to close — from first analysis through funding. It starts with one confidential conversation.
Your contact
Sergio Toșa
Title
Chief Executive Officer
deals@eloadvisors.com
Web
eloadvisors.com
Debt for the infrastructure beneath intelligence.