Investment firm Hillhouse Investment Management is in discussions with banks to secure around $600m in debt financing to support its continued investment in data centre operator DayOne Data Centers Ltd, according to a report by Bloomberg.
The report cites unnamed people familiar with the matter as revealing that the proposed three-year loan is expected to be priced at roughly 500 basis points over the US Secured Overnight Financing Rate, with a portion of proceeds also earmarked for refinancing...
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