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

Lambda closed a $1 billion credit facility led by J.P. Morgan to fund Nvidia AI accelerator deployments, quadrupling its previous borrowing

Lambda is selling a $917m leveraged loan to fund a contract with Nvidia, which is also its investor, supplier and largest customer. Books hit $2bn.