Blue Owl’s Stack Explores Debt Linked to Milan Data Centers

Blue Owl Capital-owned data center operator Stack Infrastructure Inc. is exploring a debt deal for up to €600 million ($705 million) linked to its assets in Milan, Italy, people familiar with the matter told Bloomberg.

Stack is currently in discussions about what structure the debt could take, with a commercial mortgage-backed securitization being one option, they said, asking not to be identified. The potential deal could come as soon as the fourth quarter, one of the people said.