Banks Delay $7B Loan Offload For Texas Data Center Tied to Anthropic

Morgan Stanley and a consortium of lenders have paused the syndication of a $5B to $7B portion of a $15B loan for a Texas data center project linked to Anthropic after Texas officials placed a hold on new data center approvals. The freeze follows Texas Governor Greg Abbott's efforts to slow data center development and has disrupted financing and construction schedules for large-scale technology infrastructure.