Mystery Seller Seeks to Dump $500 Million of Data Center Loans
Bloomberg reports an unidentified seller has put roughly $500 million of data center loans up for sale in a rare bids-wanted-in-competition auction of about a dozen positions, days after Democrats' midterm wins raised doubts about AI infrastructure projects. The portfolio includes a $25 million slice backing a New Mexico Stargate site tied to OpenAI, SoftBank and Oracle — where Oracle has issued a force majeure notice — plus debt linked to Vantage Data Centers and CyrusOne. Bids are due Nov. 19 and must be at least $10 million.
Source: Bloomberg
