A data center associated with Alphabet’s Google is issuing $5.7 billion in high-yield bonds. This transaction represents one of the largest junk bond sales of its kind. The company will use the capital to finance its artificial intelligence infrastructure expansion.
Morgan Stanley launched the market promotion for the debt offering. Pricing for the bonds is expected to be finalized as early as this week. The financing underscores Alphabet's strategy to scale data centers to meet surging AI demand.