Update
Stack Infrastructure Seeks $6 Billion Loan for Melbourne Data Center
Stack Infrastructure, a Blue Owl Capital-owned company, is reportedly seeking an A$8.6 billion ($6 billion) loan to finance a data center project in Melbourne. The proposed borrowing could rank among the largest data center financings in Asia. The facility, which is under arrangement, marks a step toward completing the loan rather than a completed financing. The fundraising comes as investors grow more cautious about the borrowing underpinning the artificial intelligence infrastructure boom.