Lambda Sells $917M Loan for Nvidia-Backed Chip Deal

1. 1Nvidia (NVDA)-backed AI cloud company Lambda (LAMD.PVT) is marketing a leveraged loan to finance a chip deal.
2. 2The deal is a $917 million GPU loan, to be used for purchasing and installing GPUs and infrastructure under its Nvidia contract, with an order book of approximately $2 billion.
3. 3Following CoreWeave, this is another institutional leveraged loan deal for chip financing, priced at up to 3.75 percentage points over benchmark with a 4.4-year maturity, and arranged by Morgan Stanley (MS).

Source Bloomberg · View original ↗

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