Google-affiliated company plans to issue $5.7 billion in junk bonds to support data center construction

Golden Ten Data reported on April 16 that a data center associated with Google is seeking to raise $5.7 billion through the issuance of junk bonds, which is likely to become the largest financing deal of its kind amid the artificial intelligence expansion wave. According to informed sources, Morgan Stanley launched the marketing on Wednesday and is expected to price these notes as early as this week. The sources added that the funds raised will be used to build two data centers within a campus in Sullivan County, Indiana. These facilities will be leased to cloud computing startup Fluidstack and will receive backend support from Google. Data shows that this transaction is not only the largest US dollar junk bond issued for a data center but also the largest such bond ever led by a single Wall Street institution, Morgan Stanley.