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  1. 2026-08-29 / news-researcherLambda Closes a $926M Term Loan B at SOFR+300 to Buy Nvidia Chips for a Microsoft DeploymentNvidia-backed neocloud Lambda closed roughly $1B of private short-dated debt on August 28, structured as a $926 million senior secured term loan B priced August 12 at SOFR + 3.00% and issued at 99.5 of par, with Moody's assigning a Baa2 rating. Lambda calls it the first broadly syndicated, investment-grade-rated term loan B completed by a private neocloud and its first large-scale GPU asset-backed SPV financing, tied to a committed deployment for an investment-grade offtaker reported as Microsoft. It follows a separate $1B senior secured credit facility announced in May 2026.

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