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Update: Market Chatter: Brookfield Infrastructure Partners-Backed Data4 Exploring $2 Billion Debt Deal
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Update: Market Chatter: Brookfield Infrastructure Partners-Backed Data4 Exploring $2 Billion Debt Deal
Jul 8, 2024 11:13 AM

01:48 PM EDT, 07/08/2024 (MT Newswires) -- (Updates with Brookfield's response in the fourth paragraph.)

Brookfield Infrastructure Partners ( BIP/PA ) -backed Data4 is mulling a $2 billion debt deal, Bloomberg reported Monday, citing an unnamed source.

Brookfield is discussing the financing with about six banks, the report quoted the source as saying.

Data4, a French data center operator, is looking to fund its platform amid the increased demand for artificial intelligence and cloud computing, the report said.

Brookfield declined MT Newswires' request for comment, while Data4 didn't immediately respond.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Price: 28.57, Change: +0.17, Percent Change: +0.60

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