JPMorgan and MUFG Lead Over $20 Billion Investment to Help Build Largest Data Center Campus in the U.S.

Foreign reports cite informed sources revealing that two financial giants from the U.S. and Japan—JPMorgan Chase (JPM) and Mitsubishi UFJ Financial Group (MUFG)—are leading a loan exceeding $22 billion to support Vantage Data Centers’ plan to build a large-scale data center campus in Texas, U.S. This massive loan is regarded as one of the largest infrastructure financings in U.S. history, highlighting the rapidly expanding funding demand for data centers amid the AI wave. The loan is jointly underwritten by several international banks, including BNP Paribas, Goldman Sachs Group, Société Générale, Sumitomo Mitsui Banking Corporation, and Wells Fargo, with a total amount of approximately $23 billion. However, as project costs are still being calculated, the final scale has not been fully determined.

In addition to bank financing, private equity giant Silver Lake Management and infrastructure investment firm DigitalBridge Group Inc. have also committed $3 billion to the project, further strengthening the funding sources.

Analysts point out that with the surging demand for artificial intelligence, cloud computing, and high-performance computing, data centers are becoming a new core asset class pursued by global capital. Texas, U.S., is gradually emerging as a major hub for global data centers due to its low energy costs and abundant land resources. The implementation of this colossal loan is expected to inject strong momentum into the expansion of Vantage Data Centers and marks a new milestone in data infrastructure financing.