Goldman tests demand for $5.4 billion debt package tied to Blackstone-backed QTS data center
Goldman Sachs Group is testing investor appetite for a potential $5.4 billion debt offering to finance a Blackstone-backed QTS data center project tied to Microsoft, as bubble concerns drive up AI infrastructure financing costs. The proposed deal would include about $4.9 billion of secured bonds and roughly $500 million of term loans, with proceeds used to fund a data center development leased to Microsoft in Georgia. Investor sentiment toward AI financing has worsened over the past few weeks amid market worries about whether related investments will generate returns, pushing up financing costs for new issuers. (Bloomberg)