Lambda prices a $926M AI infrastructure loan

Lambda has priced a $926 million senior secured term loan B at SOFR plus 3%, with a Moody’s Baa2 rating and a maturity of December 31, 2030. The financing announcement says the loan will fund GPU servers and related infrastructure dedicated to an investment-grade offtaker, and that pricing tightened 75 basis points during syndication; the facility is secured by the hardware and contracted cash flows. For operators, the notable fact is not another GPU order but a new financing template: customer commitments can turn compute into lendable infrastructure, extending the AI data-center capital stack beyond equity and hyperscaler balance sheets.