Hillhouse in Talks for $600M Loan to Fund DayOne Investment

Asset manager Hillhouse Investment is in talks with banks for a loan of about $600 million to fund its investment in data center operator DayOne Data Centers, according to information that emerged on June 18, 2026. People familiar with the matter say the loan would have a three-year tenor, with a spread of roughly 500 basis points (about 5%) over SOFR (Secured Overnight Financing Rate), the benchmark for short-term US dollar rates, and that part of the proceeds would refinance debt raised for earlier DayOne investments (Bloomberg's report).