JPMorgan and Mitsubishi Lead $22B Debt Financing for AI Data Center in Texas

JPMorgan Chase and Mitsubishi UFJ Financial Group are spearheading a $22 billion debt package to fund Vantage Data Centers' $25 billion AI-focused campus in Texas. The project, endorsed by Governor Greg Abbott, underscores Wall Street's aggressive bets on AI infrastructure. "Everything is bigger in Texas, and that includes innovation and technology," Abbott declared during Tuesday's announcement.

Silver Lake and DigitalBridge will inject an additional $3 billion in equity, accelerating development of what's poised to become one of the world's largest data center complexes. The 10-facility campus—with the first unit slated for mid-2026 completion—will power next-generation AI models for Big Tech clients. Vantage, originally seeded by Silver Lake in 2010, has evolved from its acquisition of an Intel data center into a pivotal player in the AI infrastructure race.