Banks are in talks to arrange about $15 billion in debt financing for a data center project tied to Anthropic, according to multiple reports. The project is in Texas and is described as a large-scale facility, with one outlet citing a capacity of 1.6 gigawatts. The financing effort involves banks led by Morgan Stanley, with CNBC reporting that discussions are in advanced stages and naming Nexus Data Centers as the entity in the talks. Other reporting says the debt would be supported through backing associated with Alphabet Inc.’s Google, including guarantees related to power supply and lease obligations. The reports characterize the arrangement as a borrowing and underwriting process still subject to change, citing unnamed people familiar with the matter rather than announcing finalized terms. Taken together, the sources indicate that Google’s support is intended to improve the project’s credit profile and help the developer secure the proposed level of funding. No source provides final deal terms, pricing, or timing for completion.
Banks discuss $15 billion debt for Anthropic Texas data center backed by Google
Banks are in talks to arrange about $15 billion in debt financing for a data center project tied to Anthropic, according to multiple reports. The project is in Texas and is described as a large-scale...
- Banks led by Morgan Stanley are in talks to arrange about $15 billion in debt financing for an Anthropic-linked data center project in Texas.
- Google (Alphabet) is reported to backstop the financing through guarantees tied to power and lease obligations.
- The project is described as large-scale, with one report citing 1.6 gigawatts of capacity.
- CNBC reports the talks are advanced and identifies Nexus Data Centers as the developer involved in the process.
- The reports describe discussions as ongoing and based on people familiar with the matter; no final terms are reported.
Morgan Stanley is the lead banker engaging in advanced talks to lend $15 billion to Nexus Data Centers, CNBC confirmed.
1 hour agoBanks led by Morgan Stanley are in talks to line up $15 billion of debt for an Anthropic PBC data-center project in Texas, backstopped by Alphabet Inc.’s Google, according to people familiar with the matter.
4 hours agoGoogle’s guarantees of power and lease obligations would help the developer secure financing for the 1.6-gigawatt Texas project.
5 hours ago
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