Blue Owl-Owned Stack Seeks $833 Million Loan for Asia Growth
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Blue Owl Capital-owned data center operator Stack Infrastructure Inc. is seeking an about A$1.3 billion ($833 million) loan, according to people familiar with the matter, as demand for artificial intelligence and cloud services accelerates in Asia.
The proceeds of the five-year loan will fund the US-based firm’s data center buildout in Australia, said the people, who asked not to be identified as the matter is private. Deutsche Bank AG, Mitsubishi UFJ Financial Group, Natixis SA, Oversea-Chinese Banking Corp and Societe Generale SA are the mandated lead arrangers and bookrunners on the deal, which is being syndicated to the broader market, the people said.