InfraCompute / Deals
Lambda: Macquarie GPU financing vehicle (2024)
GPU-backed loan for Lambda, US$500m, 4 April 2024.
Key terms
- Borrower or issuer
- Lambda
- Date
- 4 April 2024
- Structure
- GPU-backed loan
- Amount
- US$500m
- Pricing
- Not disclosed
- Security
- NVIDIA GPUs and their cash flows
What’s notable
An up to US$500m vehicle led by Macquarie with Industrial Development Funding, secured on NVIDIA GPUs and their cash flows. It was designed to fund on-demand GPU cloud without requiring multi-year customer contracts. It is one of the earliest named GPU-backed facilities and a baseline for how terms have tightened since.
Recorded terms
- Lender type
- Lender type not establishedNo lender named in the public sources held
- Security
- NVIDIA GPUs and their cash flows
- Lenders and arrangers
- Macquarie (lead), IDF; Lazard (FA)
Similar financings
Same structure, other borrowers, closest in date.
More from Lambda
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Sources
- Lambda Announces $500M GPU-Backed Facility to Expand Cloud for AISource date: 4 April 2024
About this record
Compiled from the sources above. Terms are as announced and may have changed since. Methodology · Send a correction.
