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InfraCompute Tools · Q3 2026 edition · data to 30 September 2026 · refreshed with the quarterly index

Term sheets, annotated from the filings.

Model wording for the two loans in-house teams see most, with what the public deals show on each line and where lenders and borrowers push. Each is a free PDF.

Randeep Bubbra | Lawyer | Making the next generation of infrastructure financeable · Firm profile ·

Term sheet

GPU delayed draw term loan

Lenders, GPU clouds and their counsel, sizing a GPU loan against a customer contract.

22 annotated lines · PDF

Term sheet

Data centre construction loan

Lenders, developers and their counsel, financing a pre-let AI data centre to completion.

12 annotated lines · PDF

Behind the annotations

The evidence

The positions come from the what's market cards and the contract library; the pricing, size and tenor ranges from the deal register.

Method

General information drawn from public filings. It is not legal advice on any transaction, and using this page does not create a lawyer-client relationship. Views are personal.

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.

Want to run your own deal through these tools? Book 20 minutes with Randeep.

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