Lambda Prices $926 Million Senior Secured Term Loan B Facility, the First Investment-Grade-Rated Term Loan B Financing by a Private Neocloud

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 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.