Lambda Secures $1 Billion GPU Loan

AI cloud company Lambda has secured its first delayed draw term loan of over $1 billion to purchase more than 30,000 Nvidia GPUs. The fixed-rate facility carries an interest rate of 6.78%.

• Delayed draw term loan exceeds $1 billion
• Funds to buy more than 30,000 Nvidia GPUs
• Fixed interest rate set at 6.78%