DayOne in early talks with banks for potential $500M bond amid AI infrastructure demand
AI summary
Singapore-based DayOne Data Centers has held preliminary talks with banks for several weeks about a potential $500 million bond offering, according to people familiar with the matter cited by Bloomberg. The fundraising push comes as demand for artificial intelligence infrastructure grows. The talks are at an early stage, and the size or timing of any deal is not settled.
In-depth insight
If completed, the bond would add to a wave of debt financing by data center operators seeking to fund AI compute buildouts.
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