Lambda Sells $917M Leveraged Loan for Nvidia GPUs — SkimNews
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- Lambda Inc. is selling a $917M leveraged loan to finance GPU purchases tied to a contract with Nvidia Corp.
- Nvidia Corp. is both Lambda's chip supplier under the deal and a backer of the AI cloud provider, and the loan is being marketed in the risky debt segment
Why it matters: Lambda is raising nearly $1 billion in leveraged debt to buy chips from its own backer, Nvidia — evidence that even well-connected AI cloud providers must tap junk-rated financing to fund GPU orders.
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