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Michelle Cheng

Verified
New York
As seen in: Mergermarket, Medium, MSN, MSN Ireland, Bloomberg News, Daily Mail, Forbes, MSN Taiwan, Yahoo News, ABC News (Australia), Gizmodo and
Business journalist. words @qz and @inc. former dancer.

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Articles

Galaxy Digital Seeks $3.5 Billion Debt for Texas Data Center (1)

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By Michelle Cheng Verified
| Bloomberg Tax Verified
is planning to raise about $3.5 billion from a debut junk-bond sale to fund a data center tied to , extending AI borrowing’s push into the riskier corners of the US credit market. The cryptocurrency conglomerate is pitching the bond at a yield of about 9%, according to people familiar with the matter. and are running the offering, which is expected to price on Thursday, the people said, asking not to be identified because they aren’t authorized to speak publicly.
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TeraWulf Eyes $3.5 Billion for Anthropic-Leased Data Center

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By Aaron Weinman Verified, Michelle Cheng Verified, Gowri Gurumurthy
| Bloomberg Law Verified
is preparing to raise about $3.5 billion in debt to build a data center campus in Kentucky, including its first-ever foray into the leveraged loan market. The deal should launch this year, with expected to lead the financing effort, according to its Chief Financial Officer . The potential transaction would also include high-yield bonds. It sold of such debt in December and in October, making it the first bitcoin miner to borrow in the junk bond market.
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How Michaels went from ‘grandmother’s store’ to an unlikely success

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By Michelle Cheng Verified, Reshmi Basu Verified
| Daily Breeze Verified
When Michaels Cos. tapped a new CEO in early 2025, the company’s chairman, 25-year Apollo Global Management veteran Andrew Jhawar heralded the moment as “an exciting period of opportunity” for the retailer. As the dust settles some 16 months later, that’s looking like an understatement. Michaels’ overhaul is readily apparent in stores, where balloons that were once a hallmark of bankrupt Party City now line the entrances.
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