STACK seeks A$8.6B for Melbourne data center as AI debt faces a test
Blue Owl-backed STACK has mandated arrangers for a five-year loan to fund its 252-megawatt MEL02 campus; the lenders and loan terms remain undisclosed.
By RuntimeWire Staff · Published
Primary source: Bloomberg Technology
Why it matters
The mandate advances STACK's reported financing effort, but the loan's terms and lender commitments will show whether appetite for AI data center debt can withstand higher scrutiny.
STACK Infrastructure has mandated lead arrangers, underwriters and bookrunners for a five-year A$8.6 billion syndicated loan, about $6 billion, for a Melbourne data center project, according to Bloomberg. The proposed financing puts a large Australian data center build in front of lenders as investors question the cost and returns of the AI infrastructure rush.…