ING Plans to Sell $500M Data Center Loan Portfolio Including $25M Stargate-Related Debt

According to ChainCatcher, ING is planning to sell a $500 million data center loan portfolio, including a $25 million loan linked to Stargate, an artificial intelligence infrastructure project backed by OpenAI, SoftBank, and Oracle. The loan is related to a large data center in New Mexico. ING is seeking buyers for 12 loans in the portfolio through a competitive bidding process. The portfolio also includes debt linked to data center operators Vantage Data Centers and CyrusOne.
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