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Glossary / finance terms

Credit margin

The contractual spread added to a floating benchmark to determine interest, subject to the loan's other rate provisions.

Why the distinction matters

A disclosed SOFR margin excludes SOFR itself, original issue discount, arrangement fees and hedge costs. Compare it only with observations on a consistent basis.

Read the structure

How GPU collateral and customer cash flows support lending, and where the two can diverge.

GPU-backed loans: contracts, equipment and repayment ↗

For in-house counsel

Take it to the documents

The filed wording behind GPU and data centre financings, for either side of the table. Previews are open; the full text is free with InfraCompute Weekly.

Related terms

Explanatory definition, not a statement that a particular transaction contains this term or a substitute for its contractual definition.

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Randeep Bubbra

InfraCompute Weekly

The week in compute finance, read from the filings.

Deals, terms and the clauses behind them, for the people financing data centres, GPU clouds and the power behind them. By Randeep Bubbra.

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