JPMorgan Chase & Co (NYSE:JPM, ETR:CMC) and Japan’s Mitsubishi UFJ Financial Group are reportedly in discussions to underwrite a US$22 billion loan for a major data centre development in Texas, according to the Financial Times.
The facility is planned by Vantage Data Centers, a digital infrastructure firm backed by private equity group Silver Lake and investment manager DigitalBridge.
The two owners are said to be contributing US$3 billion in equity to help finance the project.
If completed, the deal would be among the largest financings in the data infrastructure sector to date.
Neither bank has commented publicly on the talks, which remain ongoing. Vantage is expanding aggressively as demand for data storage and cloud services continues to climb.