World & BusinessData center developer reportedly raises $1.1 billion in junk bonds for CoreWeave-tied project
Bloomberg reports that the developer, sponsored by affiliates of Blue Owl Capital, offered high yields to attract investors.
TLDR
A data center developer sponsored by affiliates of Blue Owl Capital raised $1.1 billion through a junk-bond offering to finance a CoreWeave-tied project, Bloomberg reports. The developer offered high yields to draw investors.
Data center developer reportedly raises $1.1 billion in junk bonds for CoreWeave-tied project
Bloomberg reports that the developer, sponsored by affiliates of Blue Owl Capital, offered high yields to attract investors.
TLDR
A data center developer sponsored by affiliates of Blue Owl Capital raised $1.1 billion through a junk-bond offering to finance a CoreWeave-tied project, Bloomberg reports. The developer offered high yields to draw investors.