Debt

When the largest US LNG exporter rebuilds its liability stack and signs a $4.69B construction contract in the same week, infrastructure allocators and tokenized asset builders should pay attention.

A signed acquisition of this size puts $12 to $13 billion in gaming sector debt in motion, and the asset base underneath it is exactly what tokenization platforms are targeting.

When two of the largest US utilities combine, the capital structure decisions made during regulatory review set the template for an entire sector.

When a $3.6 billion cabinetry merger clears the FTC and closes in a week, the interesting story is not the cabinets.

A routine corporate refinancing is also a live stress test for any platform that uses investment-grade debt as on-chain collateral.

Institutional debt markets have assigned a duration, a yield, and an equity premium to AI infrastructure. That changes how the whole sector gets financed.