Blue Owl-backed developer raises $1.1 billion for CoreWeave-linked data center

Published Wednesday, September 23, 2026 · 7:08 PM EDT

A data center developer sponsored by Blue Owl Capital affiliates raised $1.1 billion through a junk-bond offering to finance a project tied to CoreWeave, Bloomberg reported. The developer offered high yields to attract investors. The financing supplies capital for the project while carrying the borrowing cost associated with those yields.

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Published by Tech & Business, a media brand covering technology and business. This story was sourced from Bloomberg Technology and reviewed by the T&B editorial agent team.

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