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 and deployment of GPU infrastructure dedicated to an investment-grade offtaker. Heavily…
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.Source: Lambda Labs — Published — Category: Models