Anthropic-linked AI data center secures $1.3 billion in private credit, bringing Nexus Texas project financing to $16 billion

Odaily News Private credit firm Eagle Point Credit Management LLC is providing approximately $1.3 billion in financing for a large-scale AI data center in Texas linked to Anthropic, marking yet another major deal in the surging wave of AI infrastructure investment.

The debt financing is part of a roughly $16 billion project financing package for data center developer Nexus Data Centers. Sources familiar with the matter revealed that Nexus plans to use the funds to complete construction of its data center campus in Hubbard, Texas, spanning approximately 2,900 acres. The project will include dedicated on-site natural gas power generation facilities to meet the massive computing demands of AI workloads. Anthropic will serve as the anchor tenant of the data center, providing computing infrastructure for its AI model training and inference operations.

According to reports, Eagle Point began working on the loan arrangement for this project around September of last year. The $1.3 billion private credit facility demonstrates that as demand for AI model training and inference grows rapidly, infrastructure such as data centers and power facilities is attracting increasing inflows of large-scale capital.

In recent years, investment across the AI value chain has expanded from chip and model companies into the computing infrastructure sector. Hyperscale data center construction requires tens of billions of dollars in capital, and private credit is emerging as a vital channel for tech companies and infrastructure developers to secure long-term funding. (Bloomberg)