Banks shelve Texas data center bond issuance tied to Anthropic
Source:
www.bloomberg.com
According to Bloomberg, multiple banks have delayed plans to sell portions of a $15 billion loan after Texas suspended new construction projects and evaluated their potential impact on the power grid. The financing is earmarked for a Texas data center linked to Anthropic. Due to the postponement of the bond issuance, banks will retain this debt longer than initially anticipated, keeping it on their respective balance sheets. Meanwhile, Anthropic is accelerating its investments in computing infrastructure as it prepares for a major IPO.