Lambda's recent $1.008 billion investment-grade term loan, closed October 1 at a 6.78% fixed rate and oversubscribed with A(low)/Baa1 ratings, underscores contracted cash flows from investment-grade offtakers and expands access to institutional credit markets. This follows a $926 million facility in August and builds on the November 2025 Series E at roughly $5.4–5.9 billion post-money. Secondary market marks currently imply a $9.2–9.8 billion valuation as of early October 2026, up significantly from prior rounds, amid ongoing IPO preparations including a September S-1 filing. Traders will monitor any additional equity raises or customer contract announcements through month-end, as these directly influence near-term valuation trajectories in the AI infrastructure sector.