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Stargate data center debt is hitting the loan market: a $25M slice backing the New Mexico site tied to OpenAI, SoftBank and $ORCL is up for sale, per Bloomberg. Watch whether this paper clears cleanly

$25 million loan slice tied to OpenAI, SoftBank, and Oracle's Stargate data center project.

Context

What happened: Loans for sale include a $25 million slice backing a data center site that is part of the OpenAI, SoftBank Group Corp. and Oracle Corp. joint Stargate project in New Mexico. Key numbers: $25 million slice. Why it matters: The loan sale ties debt financing to a data center site within the Stargate project, linking the joint venture's buildout to credit markets. Coverage: 12 outlets in 24h

ORCL

$116.10

+0.82%

What changed

Loans for sale include a $25 million slice backing a data center site that is part of the OpenAI, SoftBank Group Corp. and Oracle Corp. joint Stargate project in New Mexico.

Why it matters

The loan sale ties debt financing to a data center site within the Stargate project, linking the joint venture's buildout to credit markets.

Sources

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