product · May 20, 2026
Lambda Closes $1 Billion Credit Facility To Expand Gigawatt-Scale AI Infrastructure
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Lambda closed a $1 billion syndicated senior secured credit facility announced on May 7, 2026. The new facility expands the existing $275 million credit facility established in August 2025 to fund next-generation NVIDIA AI accelerator infrastructure and data center capacity. Lambda will deploy additional revenue-generating assets and lower its blended cost of capital. The financing reflects continued confidence in Lambda's growth trajectory and track record of operating gigawatt-scale AI factories. Stephen Balaban co-founded Lambda in 2012.
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