Tag: private equity
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Economically Tepid Hong Kong Clinches Joint Investment Fund with the Saudis
Despite Hong Kong’s economy losing speed to its weakest pace in five quarters on weakened exports and spending, the island still project growth. Hong Kong’s economy grew 1.8% in the third quarter 2024 year-on-year, official advance estimates showed. According to the HK government, private consumption expenditure continued to weaken amid changes in residents’ consumption patterns.…
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KKR and GIP-Backed Data Center Owner and Operator CyrusOne Gets Whopping $9.7 Billion Worth in Credit Facilities
CyrusOne is a global data center owner, developer and operator. The company closed a massive $7.9 billion warehouse credit facility. This executed transaction is incremental to the $1.8 billion revolving credit facility financing completed in May 2024, leading to approximately $9.7 billion of additional debt capital raised with broad-based support from lenders. The warehouse credit…