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Mystery Seller Puts Up $500 Million Data Center Loans Backing Stargate, CyrusOne

Bloomberg Markets Thursday 05 November 2026, 18:52 UTC By Carmen Arroyo, Rachel Graf and Olivia Fishlow 1 min read
Key Points

EXCLUSIVE AI Mystery Seller Seeks to Dump $500 Million of Data Center Loans A roughly $500 million portfolio of data center loans has been put up for sale all at once, in a rare auction that comes just days after a Democratic sweep of US midterm elections raised doubts about the future of many of the projects. The anonymous seller is taking offers for a dozen loans via a so-called bids-wanted-in-competition process, according to people familiar with the matter.

EXCLUSIVE AI Mystery Seller Seeks to Dump $500 Million of Data Center Loans A roughly $500 million portfolio of data center loans has been put up for sale all at once, in a rare auction that comes just days after a Democratic sweep of US midterm elections raised doubts about the future of many of the projects. The anonymous seller is taking offers for a dozen loans via a so-called bids-wanted-in-competition process, according to people familiar with the matter. The loans for sale include a $25 million slice backing a massive data center site that’s part of OpenAI, SoftBank Group Corp. and Oracle Corp.’s joint Stargate project in New Mexico. It’s the location where Oracle sent the developer a notice citing force majeure.
CyrusOne (ORG) Data Center (ORG) Democratic (ORG) US (LOCATION) SoftBank Group Corp. (ORG) Oracle Corp.’s (ORG) Stargate (LOCATION) New Mexico (LOCATION) Oracle (ORG)
Originally published by Bloomberg Markets Read original →

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