Technology
Banks Line Up $15 Billion of Debt for Anthropic With Google Aid
Key Points
Banks Line Up $15 Billion of Debt for Anthropic With Google Aid Banks 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. The package for data-center developer Nexus Data Centers would consist of a $14 billion bridge loan and a revolving credit facility, said the people, who asked not to be identified because the information isn’t public....
Banks Line Up $15 Billion of Debt for Anthropic With Google Aid
Banks 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.
The package for data-center developer Nexus Data Centers would consist of a $14 billion bridge loan and a revolving credit facility, said the people, who asked not to be identified because the information isn’t public. Google would get an equity stake of about 20% in the project, located in Hubbard, Texas, they said.