Blue Owl’s data-centre arm Stack is seeking a ~$5.9bn loan, Bloomberg reports, months after a $2.1bn deal, as borrowing to build AI capacity accelerates.

Blue Owl tried to line up debt for a Pennsylvania data center tied to CoreWeave, but lenders passed, underscoring growing caution around AI-linked credit.

Blue Owl Capital Inc. sees asset-based lending as “the next big boom” in private credit as regional banks retreat from the space, according to Doug Ostrover, the firm’s co-chief executive. “We’ve ...