Update
AI Data Center Firms Face Maturities
AI data center firms are facing significant debt maturities in 2027, with $13.4 billion in fixed-rate debt approaching maturity. Refinancing costs are expected to rise by about 2.85%, adding at least $380 million in annual interest expenses. The largest contributors to the maturities are CoreWeave, Nebius, and TeraWulf, with smaller amounts from Iren, Hut 8, and others. The financing pressure comes as lenders and private credit investors become more selective, leading some companies to halt new unsecured debt issuance and shift to secured bank loans or share programs.