Hardware
Lambda prices $926 million senior secured term loan B facility, the first investment-grade-rated term loan B financing by a private neocloud
First private neocloud to execute an investment-grade-rated financing in the term loan B market, further broadening the investor base for AI infrastructure financing. Facility supports the purchase an
First private neocloud to execute an investment-grade-rated financing in the term loan B market, further broadening the investor base for AI infrastructure financing. Facility supports the purchase and deployment of GPU infrastructure dedicated to an investment-grade offtaker. Heavily oversubscribed transaction with significant investor demand, with pricing tightening by 75 basis points during syndication to SOFR + 3.00% issued at 99.5% of the principal amount. Rating of Baa2 from Moody’s validates the continued institutional maturation of AI infrastructure financing as an asset class.
Related
- Lambda closes $1 billion senior secured credit facility to meet gigawatt-scale AI infrastructure demand
- Sources: AI cloud computing provider Lambda is selling a $917M leveraged loan to finance the purchase of GPUs as part of a contract with Nvidia (Bloomberg)
Source: Lambda Labs | 2026-08-12