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According to reports, banks are delaying the sale of a $15 billion loan to fund Anthropic-related data center bond issuance plans after Texas suspended new project approval due to grid risk assessments. Lenders led by Morgan Stanley have raised around $15 billion to fund the construction of a data center in Hubbard near Waco, Texas. People familiar with the matter revealed that the bank originally wanted to sell 5 billion to 7 billion US dollars to high-yield bond investors in September to refinance some of the loans. Sales are now likely to be carried out in batches over the next year. The debt package includes a $14.2 billion one-year loan and a $1.4 billion five-year revolving credit line. The lender is seeking to refinance part of the loan through high-yield bond investors.
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According to reports, banks are delaying the sale of a $15 billion loan to fund Anthropic-related data center bond issuance plans after Texas suspended new project approval due to grid risk assessments. Lenders led by Morgan Stanley have raised around $15 billion to fund the construction of a data center in Hubbard near Waco, Texas. People familiar with the matter revealed that the bank originally wanted to sell 5 billion to 7 billion US dollars to high-yield bond investors in September to refinance some of the loans. Sales are now likely to be carried out in batches over the next year. The debt package includes a $14.2 billion one-year loan and a $1.4 billion five-year revolving credit line. The lender is seeking to refinance part of the loan through high-yield bond investors.
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