Merlin Properties gets financial oxygen at a time of investor doubts about its bet on data centres
The problems of its main client and regulatory uncertainty surrounding these facilities weigh on the company's stock market listing, which has managed to raise €3.75 billion in a syndicated loan to restructure its debt.
Merlin Properties plans to invest 7,776 million euros in data centers to become a major player in the field of artificial intelligence in the Peninsula. The company's plans face uncertainty over its main tenant, CoreWeave's, ability to finance its expansion and the cost of new capital Merlin needs to complete its own expansion. A pending decree that would impose stricter energy requirements on new data centers in Spain adds to the uncertainty.
Written by urgent.news from El Pais Economia's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
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