Nvidia to lease data center financed by $3.8 billion in junk bonds
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Glonghui, February 13th｜Nvidia is expected to lease a data center built with $3.8 billion in junk bond financing. This move further fuels the lending boom surrounding artificial intelligence infrastructure. According to sources familiar with the matter, an entity backed by asset management firm Tract Capital will issue debt to fund part of the construction costs for a 200-megawatt data center and substation in Storey County, Nevada. Due to strong demand, the size of the bond issuance was increased by $150 million on Thursday afternoon. The sources added that current pricing discussions expect a yield of around 6%.
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