Hillhouse Seeks $600 Million Loan for DayOne Data Centers, Refinancing Earlier Debt
Updated
Updated · Bloomberg · Jun 18
Hillhouse Seeks $600 Million Loan for DayOne Data Centers, Refinancing Earlier Debt
1 articles · Updated · Bloomberg · Jun 18
Summary
$600 million is the size of the loan Hillhouse Investment is discussing with banks to back its investment in DayOne Data Centers and refinance part of its earlier borrowing tied to the same company.
The proposed financing would run for three years and could price at 500 basis points over the US Secured Overnight Financing Rate, according to people familiar with the matter.
Part of the new borrowing would not fund fresh expansion alone, but also replace debt Hillhouse previously raised for its earlier DayOne investment.
The talks underscore continued financing demand around data center assets, with Hillhouse using a mix of new capital and refinancing to support its DayOne exposure.