Morgan Stanley leads a bank consortium in advanced talks to provide $15 billion for Nexus Data Centers. The financing supports the construction of a massive artificial intelligence campus in Hubbard, Texas.
AI firm Anthropic will lease the facility. The package includes a $14 billion bridge loan alongside a revolving credit facility.
Google provides billions of dollars in financial guarantees for Anthropic’s lease and power commitments. Google will receive an estimated 20% equity stake in the project. The campus will feature a dedicated 1.6-gigawatt natural gas power plant to meet energy demands.