Market Chatter: Pure Data Centres Secures Up to $1.9 Billion in Debt Financing

MT Newswires Live11-04

Pure Data Centres Group, backed by Oaktree Capital Management, has secured $780 million in financing, with an option to increase the amount by another $1.1 billion, to fund its data center expansion across Europe and the Middle East, Bloomberg reported Wednesday

The report said Citigroup (C), First Abu Dhabi Bank and Infranity are joining ABN Amro, Allianz and Sumitomo Mitsui Financial's (SMFG) Sumitomo Mitsui Banking to provide the financing.

The proceeds will support general corporate needs, land purchases and efforts to secure power supplies for new data centers, Bloomberg said, citing Pure Data Centres interim CEO, Gary Wojtaszek.

Citigroup did not immediately respond to MT Newswires' request for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment