$500 million in data center loans up for sale... Stargate's share $25 million
Original headline데이터센터 대출 5억달러 매물로…스타게이트 몫 2500만달러
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An anonymous seller has put roughly $500 million in data-center loans—about ten separate facilities—up for competitive bidding, including a $25 million tranche tied to the Stargate project in New Mexico backed by OpenAI, SoftBank Group and Oracle. Bloomberg reported the bid deadline as November 19, with a minimum offer of $10 million per loan, and noted the $500 million figure is the size of the offered pool rather than the expected sale proceeds. The auction follows Democratic gains in the U.S. midterm elections, which raised questions about the direction of data-center development. The sale matters as a test of investor appetite for AI-infrastructure debt at a time when hyperscaler capex and related borrowing are under scrutiny. What to watch next is the clearing level on the Stargate-linked slice and whether bids come in at par or at a discount.
Muhabbit's AI wrote this summary in its own words from TokenPost's report and translated it from Korean. It can get details wrong, so check the source.
Named in this story
Stargate, SoftBank Group, Oracle (ORCL), OpenAI, New Mexico
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