AI Image
ING puts $500 million of data-center loans up for sale, Bloomberg News reports
Reuters • • business
Key Points:
- ING is seeking bids for a dozen loans linked to data center operators like Vantage Data Centers and CyrusOne, with bids due by November 19 for amounts of at least $10 million.
- The loan sale is being conducted through a bids-wanted-in-competition process, aiming to attract competitive offers.
- This move follows a broader market selloff impacting chipmakers and neocloud companies, driven by concerns over potential stricter regulation after the Democratic Party's strong performance in the US midterm elections.
- ING declined to comment on the sale when approached by Reuters.
