Business & Finance
Wellington Is Passing on Data-Center Debt Deals on Property Value Concerns
Key Points
Wellington Is Passing on Data-Center Debt Deals on Property Value Concerns Data-center debt risks are rising, there’s uncertainty over what the properties are worth and returns are falling, according to Wellington Management. “We think a lot about that replacement value when evaluating data centers,” said Sonali Wilson, the $1.3 trillion manager’s lead investment director for private credit. “Today, I’ll say — not every situation — but by and large it’s a pass,” she said on the Bloomberg...
Wellington Is Passing on Data-Center Debt Deals on Property Value Concerns
Data-center debt risks are rising, there’s uncertainty over what the properties are worth and returns are falling, according to Wellington Management.
“We think a lot about that replacement value when evaluating data centers,” said Sonali Wilson, the $1.3 trillion manager’s lead investment director for private credit. “Today, I’ll say — not every situation — but by and large it’s a pass,” she said on the Bloomberg Intelligence Credit Edge podcast.