Lambda closes a $926M senior secured term loan B at SOFR + 3.00%, secured by GPU servers for one investment-grade offtaker

The parties

• Lambdacompany pageBorrower
• Morgan StanleyLender

The source

Lambda press release, 2026-08-27Company press release

First priced August 12, 2026; closed August 27, 2026. Priced at SOFR + 3.00%, issued at 99.5% of principal. Matures December 31, 2030, fully amortizing. Moody's rating Baa2. Funds GPU infrastructure for a committed customer deployment with an investment-grade offtaker, through a GPU asset-backed SPV. Secured by the GPU servers and related infrastructure and the cash flows they generate. Morgan Stanley was lead left arranger, bookrunner and administrative agent; MUFG joint bookrunner.

The same parties, other deals

• Lambda closes a $1.008B fixed-rate delayed draw term loan at 6.78%, secured by GPU servers and contracted cash flows$1.01B · 1 Oct 2026
• CoreWeave closes $8.5B DDTL 4.0, rated A3/A (low), to finance GPU servers for a customer contract$8.5B · 31 Mar 2026