Lambda closes $1B-plus GPU debt financing at 6.78% fixed rate, investment-grade rated
TheZachMueller · x · 2026-10-02
Lambda closed its first $1 billion-plus institutional debt financing and first US fixed-rate facility, marketed to insurers and fixed income investors, to fund GPU infrastructure for three committed customer deployments.
Key facts:
- Investment-grade delayed draw term loan priced at 6.78% fixed, oversubscribed
- Rated A (low) by Morningstar DBRS and Baa1 by Moody's
- Backed by contracted cash flows from two hyperscale investment-grade offtakers
- Draws aligned with cluster commissioning milestones, releasing capital only as infrastructure enters service
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