FINWIRES · TerminalLIVE
FINWIRES

Mitsui Seeks LNG Investments to Meet Rising Data Center Power Demand

By

Mitsui & Co. is seeking investment opportunities in liquefied natural gas projects across the Middle East, the US and Australia as growing demand from data centers boosts power consumption, Bloomberg reported Thursday.

Chief Executive Kenichi Hori told Bloomberg the Japanese trading house is considering both equity investments and LNG offtake agreements as part of its expansion strategy.

Hori said companies building artificial intelligence infrastructure are creating significant additional demand for LNG, according to the report.

Bloomberg reported Mitsui is evaluating new energy investments under its latest mid-term strategy and may increase leverage to fund growth, citing its strong balance sheet.

Related Articles

Equities

Borr Drilling Units Prices $2 Billion Senior Notes Offering

Borr Drilling (BORR.OL) units Borr IHC and Borr Finance priced an offering of senior secured notes worth $2.04 billion, according to a Thursday release.The offering comprises $1.10 billion of 8.750% senior secured notes due 2032 and an $935 million of 9% of senior secured notes due 2034, which were upsized by $435 million. Settlement is expected by June 10, 2026, subject to customary closing conditions.The drilling contractor added that proceeds from the offering will be used to redeem or refinance $1.13 billion of outstanding 10% senior secured notes due 2028, $770.7 million of outstanding 10.375% senior secured notes due 2030, for general corporate purposes, and to cover the fees and expenses of the offering.

$BORR.OL
Equities

Borr Drilling Offers to Redeem All Outstanding 2030 Notes

Borr Drilling (BORR.OL) on Thursday expanded its offer to repurchase its outstanding 10.375% senior secured notes due 2030 to the entire series from just $447.3 million of the principal amount.The drilling contractor's Borr IHC subsidiary issued the 2030 notes with the principal amount of $877.1 million. It is offering to acquire every $1,000 of the notes for $1,010 plus $50 for early tenders.The company intends to finance the redemption offer with proceeds from an issuance of at least $2.04 billion of new notes.Borr Drilling also has an ongoing offer to acquire all $1.13 billion of outstanding notes from Borr IHC's $1.38 billion issuance of 10% senior secured notes due 2028.

$BORR.OL
Equities

UBS Adjusts Price Target on YPF to $48 From $45, Maintains Neutral Rating

YPF SA Class D (YPF) has an average rating of buy and mean price target of $57.23, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)

$YPF