Compute · the Ledger · Loan against chips
Lambda closes a $1.008B fixed-rate delayed draw term loan at 6.78%, secured by GPU servers and contracted cash flows
Signed · announced 1 Oct 2026 · the week to 2 Oct 2026
- Size
- $1.01B
- Rate
- 6.78%
$1.008B delayed draw term loan
The parties
- Lambdacompany pageBorrower
The source
Lambda press release, 2026-10-01Company press release
Fixed 6.78% on a semi-annual coupon basis. Final maturity May 30, 2033, fully amortizing. Rated A (low) by Morningstar DBRS and Baa1 by Moody's. Proceeds fund GPU infrastructure for three committed customer deployments with two investment-grade offtakers across multiple data centers. Secured by the GPU servers and related infrastructure funded by the facility and the contracted cash flows. Marketed to insurance companies and fixed income investors. J.P. Morgan was sole coordinating lead arranger, structuring agent and bookrunner.