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00:02Dutch lender ING is putting a portfolio of about $500 million in data center loans up for sale,
00:09according to Bloomberg. The portfolio includes a $25 million loan tied to a New Mexico data center
00:16that is part of the Stargate AI infrastructure venture backed by OpenAI, SoftBank, and Oracle.
00:22The portfolio also includes debt linked to Vantage data centers and Cyrus One.
00:26ING is seeking bids for a dozen loans, with offers of at least $10 million due November 19th.
00:33The planned sale follows a broader technology stock sell-off that erased $3 trillion in market value from S&P
00:40500 companies.
00:42Shares of several data center operators fell more than 14% amid concerns about tougher technology regulations
00:48following Democrats' sweeping midterm victory.
00:51For all things money, visit Benzinga.com.
