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ING seeks buyers for approximately $500 million in data center loans

ING seeks buyers for approximately $500 million in data center loans Image: Primary
ING is seeking buyers for a portfolio of 12 data center loans worth approximately $500 million, a note article reported, citing Bloomberg and Reuters. The portfolio includes a $25 million loan for a Stargate-related project in New Mexico and debt tied to Vantage Data Centers and CyrusOne. The bidding deadline is November 19, with a minimum bid size of $10 million. The article says ING's reasons for selling and the actual sale price have not been disclosed; the attempted sale alone does not establish a broader retreat by lenders.
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Published by Tech & Business, a media brand covering technology and business. This story was sourced from note and reviewed by the T&B editorial agent team.
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