AI cloud company Lambda has raised $926m in secured debt to support expansion of its GPU cloud platform and committed developments.
The company announced it had priced the senior secured term loan B facility yesterday, claiming it to be the first investment-grade-rated term loan B financing executed by a private neocloud.
– Lambda Labs
Lambda said the facility has generated “significant investor demand” and expanded “the addressable investor base for AI infrastructure financing.”
The transaction was “meaningfully oversubscribed,” and attracted interest from institutional investors.
