AI Infrastructure Borrowers Use Rate Hedges as Investors Push for Tougher GPU Loan Terms

Investors are pressing for higher returns on AI infrastructure debt, but several large GPU-backed loans have been structured with interest-rate hedges that could soften the near-term effect of rising benchmark rates on borrowers. The financing details show how the AI buildout is moving deeper into credit markets, where lenders are asking for more protection while cloud providers try to lock in funding for rapidly expanding compute capacity.