Lambda, Inc. (Lambda), the Superintelligence Cloud, has announced the closing of its US$1 billion senior secured term loan facility, the proceeds of which will be used to fund the purchase and deployment of GPU infrastructure supporting a committed customer deployment with an investment-grade offtaker.
Latham & Watkins LLP advised the coordinating lead arranger, structuring agent, and bookrunner in the financing with a team led by partners Paul Bonewitz and Victor Ludwig, and counsel Josh Chao, with associates Eric Dang and Dorian Refloc’h with assistance from Ryan Ng. Advice was also provided on technology transactions matters by partner Morgan Brubaker and counsel Ryan Clore, with associate Brittany Grego; on project finance matters by partner Chirag Dedania and counsel Nicole Goldman; and on real estate matters by associates Vasi Mitrakos and Brandon Hemans.
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