GS · News · 20260921N
AI Infrastructure Debt Financing
GOLDMAN SACHS GROUP INC · 2026-09-21 · Importance 34 · Surprise 42 · In source text
Goldman Sachs is leading a group marketing $1.1 billion of high-yield debt for the Digital Drive data center near Richmond, Virginia. The campus is planned with 76 megawatts of IT capacity and is fully contracted to CoreWeave for 15 years under a $2.94 billion agreement. The bonds are expected to price at yields in the low-to-mid 9% range, with pricing anticipated on Wednesday.
Key facts
- The Digital Drive campus will provide 76 megawatts of IT capacity, fully contracted by CoreWeave for 15 years in a $2.94 billion deal. source
- A Goldman Sachs-led group is marketing $1.1 billion in high-yield debt to finance a new data center near Richmond, Virginia. source
- The bonds are expected to yield in the low to mid 9 percent range, with pricing anticipated for Wednesday. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| revenue | positive | probable | — | A Goldman Sachs-led group is marketing $1.1 billion in high-yield debt to finance a new data center near Richmond, Virginia. |