Texas Grid Review Delays Banks’ Planned Sale of Anthropic Data Center Debt

Banks are postponing plans to sell part of a $15 billion loan tied to an Anthropic-leased data center in Texas, as a state review of data center projects raises uncertainty over grid access. The delay could leave lenders holding more of the financing for longer. The lenders had expected to sell $5 billion to $7 billion in bonds this fall; that sale may now be spread over the coming year, according to a report on the financing delay.