JPMorgan, MUFG Near $22B Loan Deal for Texas Data Centers

JPMorgan Chase & Co. and Japan's Mitsubishi UFJ Financial Group are leading a $22 billion loan to finance Vantage Data Centers' development of a massive data-center campus in Texas. The project, known as the $25 billion "Frontier" initiative, aims to enhance digital infrastructure and support artificial intelligence advancements, with additional backing from investors Silver Lake and DigitalBridge Group contributing $3 billion in equity. This large-scale financing deal highlights Wall Street's growing interest in technology-driven infrastructure projects, although JPMorgan and MUFG have yet to officially comment on their involvement. Financial analysts maintain a generally positive outlook on JPMorgan, reflecting Wall Street's broader confidence in the bank amid this substantial commitment. The initiative is expected to significantly bolster the region's digital capabilities and underscores increasing financial sector support for cutting-edge technology infrastructure. Industry observers see this as part of a rising trend where major financial institutions are investing heavily in the future of digital and AI infrastructure.