Blue Owl’s Stack Seeks $5.9 Billion Loan, Extending AI Debt Boom

Skip to Content News Archives Economy Energy Oil & Gas Renewables Electric Vehicles Mining Commodities Agriculture Real Estate Mortgages Mortgage Rates Finance Banking Insurance Fintech Cryptocurrency Work Wealth Smart Money Wealth Management Investor Personal Finance Family Finance Retirement Taxes High Net Worth FP Comment Executive Women Puzzmo Newsletters Financial Times Business Essentials More Innovation Information Technology FP500 Podcasts Small Business Lives Told Tails Told Shopping Financial Post Store Obituaries Place a Notice Advertising Advertising With Us Advertising Solutions Postmedia Ad Manager Sponsorship Requests Classifieds Place a Classifieds ad Working Profile Settings My Subscriptions Saved Articles My Offers Newsletters Customer Service FAQ News Economy Energy Mining Real Estate Finance Work Wealth Investor FP Comment Executive Women Puzzmo Newsletters Financial Times Business Essentials This advertisement has not loaded yet, but your article continues below.HomePMN BusinessBlue Owl's Stack Seeks $5.9 Billion Loan, Extending AI Debt BoomBlue Owl Capital’s data center firm Stack Infrastructure Inc. is seeking an A$8.5 billion ($5.9 billion) syndicated loan to fund its latest project in Melbourne, according to people familiar with the matter, in what could be one of the largest such financings to the sector in Australia.Author of the article:Sheryl Tian Tong Lee and Sharon Klyne You can save this article by registering for free here. Or sign-in if you have an account.(Bloomberg) — Blue Owl Capital’s data center firm Stack Infrastructure Inc. is seeking an A$8.5 billion ($5.9 billion) syndicated loan to fund its latest project in Melbourne, according to people familiar with the matter, in what could be one of the largest such financings to the sector in Australia.THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLYSubscribe now to read the latest news in your city and across Canada.Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman, and others.Daily content from Financial Times, the world's leading global business publication.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles, including the New York Times Crossword.SUBSCRIBE TO UNLOCK MORE ARTICLESSubscribe now to read the latest news in your city and across Canada.Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman and others.Daily content from Financial Times, the world's leading global business publication.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles, including the New York Times Crossword.REGISTER / SIGN IN TO UNLOCK MORE ARTICLESCreate an account or sign in to continue with your reading experience.Access articles from across Canada with one account.Share your thoughts and join the conversation in the comments.Enjoy additional articles per month.Get email updates from your favourite authors.THIS ARTICLE IS FREE TO READ REGISTER TO UNLOCK.Create an account or sign in to continue with your reading experience.Access articles from across Canada with one accountShare your thoughts and join the conversation in the commentsEnjoy additional articles per monthGet email updates from your favourite authorsSign In or Create an AccountProceeds raised will back Stack Infrastructure’s third data center in Melbourne, the people said, who asked not to be identified discussing private matters. Talks with banks are still at an early stage and the details may change, they added.A representative for both Blue Owl and Stack Infrastructure declined to comment. Get the latest headlines, breaking news and columns.By signing up you consent to receive the above newsletter from Postmedia Network Inc.A welcome email is on its way. If you don't see it, please check your junk folder.The next issue of Top Stories will soon be in your inbox.We encountered an issue signing you up. Please try againAustralia is emerging as one of the most attractive markets in Asia Pacific for data centers, in part due to its massive land area, as well as abundant renewable energy resources, a stable political environment and strong connectivity to the region through low-latency submarine cables. The sector’s investment pipeline is expected to exceed A$155 billion, equivalent to 5.6% of Australia’s annual gross domestic product, according to Westpac Banking Corp.Beyond mounting concerns about the billions of dollars being raised to fund the data center boom, Australia is also among a growing number of countries seeking to regulate artificial intelligence without stifling innovation. The government is looking to impose environmental and energy controls on the country’s data center investment pipeline, which Prime Minister Anthony Albanese has said would be the first in the world.Stack Infrastructure’s latest borrowing comes on the heels of another multibillion loan for Blackstone’s AirTrunk Pty. in Sydney. Separately, the company is also mulling a sale of assets in Australia, Japan and Malaysia that could be valued at more than $30 billion.Stack Infrastructure operates data centers in cities across the Americas, Europe and Asia, including Sydney and Melbourne in Australia, according to its website. Alternative asset manager Blue Owl acquired the operator as part of its takeover of IPI Partners LLC last year.—With assistance from Nabila Ahmed and Kat Hidalgo.This advertisement has not loaded yet.Notice for the Postmedia NetworkThis website uses cookies to personalize your content (including ads), and allows us to analyze our traffic. Read more about cookies here. By continuing to use our site, you agree to our Terms of Use and Privacy Policy.