According to Bloomberg, on November 19, ING will close bidding for the sale of approximately $500 million in data center loans through a competitive auction process. The portfolio includes 12 loans, with a minimum bid of $10 million per loan.

A $25 million loan related to a major data center facility in New Mexico tied to OpenAI's Stargate AI infrastructure project is among the assets. Oracle, co-developer of Stargate alongside OpenAI and SoftBank, issued a force majeure notice to the New Mexico data center developer, suggesting potential difficulty in meeting contractual obligations.

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