InfraCompute / Deals
Lambda: investment-grade rated term loan B
Corporate credit facility for Lambda, US$926m, 27 August 2026.
Key terms
- Borrower or issuer
- Lambda
- Date
- 27 August 2026
- Structure
- Corporate credit facility
- Amount
- US$926m
- Pricing
- SOFR + 3.00%
- Tenor
- 31 Dec 2030, amortising to GPU useful life
What’s notable
A US$926m term loan B at SOFR + 3.00%, with Morgan Stanley as lead-left arranger and administrative agent. It is secured on GPU servers and contracted cash flows from an investment-grade offtaker, reported as NVIDIA, and amortises to the GPUs' useful life by December 2030. An investment-grade rated TLB for GPUs is a notable step for the market.
Recorded terms
- Lender type
- Bank loansNamed lender: Morgan Stanley (lead left/admin)
- Tenor
- 31 Dec 2030, amortising to GPU useful life
- Security
- GPU servers, related infrastructure and their contracted cash flows
- Lenders and arrangers
- Morgan Stanley (lead left/admin), MUFG; Citizens, CACIB, Wells (doc agents); Morgan Stanley (lead left arranger, bookrunner and administrative agent)
- Tenant or offtaker
- Nvidia (per TechCrunch); Lambda describes an investment-grade offtaker
Similar financings
Same structure, other borrowers, closest in date.
More from Lambda
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Sources
- Lambda closes $926m TLBSource date: 27 August 2026
About this record
Compiled from the sources above. Terms are as announced and may have changed since. Methodology · Send a correction.
