ING Seeks Bids on $500M Data Center Loan Portfolio

The sale is a test of secondary-market appetite for data center credit at a moment when one borrower in the pool is invoking force majeure — a signal that even flagship AI infrastructure commitments can slip. The bid outcome will indicate how lenders are pricing concentration and counterparty risk in the buildout, and which institutions absorb it. Whether the delay stays isolated to that project, and whether the bidding clears near par, are the open questions worth watching.