Blue Owl Fails to Secure CoreWeave Financing

Blue Owl Capital failed to secure third-party financing for a $4 billion Lancaster, Pennsylvania data center co-developed with Chirisa Technology Parks and to be occupied by CoreWeave, people familiar and company spokesmen said this month. Lenders reportedly balked over CoreWeave's below-investment-grade B+ rating and heavy debt. The setback underscores growing credit-risk concerns for AI data-center financing and potential sponsor-funded construction obligations.