Nexus Data Centers seeks $15 billion loan for Texas facility tied to Anthropic, backed by Google

Jul 30, 2026

Nexus Data Centers is in advanced talks to raise $15 billion, including a $14 billion bridge loan led by Morgan Stanley, for a Hubbard, Texas campus tied to Anthropic. Google is offering financial guarantees for Anthropic's leases and power commitments in exchange for a 20% equity stake. The site will feature a 1.6-gigawatt natural-gas power plant and will be equipped with Google-Broadcom co-designed chips funded via a separate Broadcom vendor-financing agreement.

Nexus $15 billion loan

▪Nexus Data Centers is in advanced talks to raise $15 billion for a Texas campus tied to Anthropic.
▪A bank group led by Morgan Stanley is discussing the financing package, which includes a $14 billion bridge loan and a revolving credit facility.

AI data center demand

▪Big Tech companies are investing billions of dollars into artificial intelligence data centers and computing power because demand continues to outstrip supply.

Google guarantees Anthropic leases

▪Google is expected to receive an equity stake of about 20% in the data-center and power project in return for its financial support.
▪Google has agreed to guarantee billions of dollars of Anthropic's lease and power-payment commitments if Anthropic defaults, limited to the minimum level required by lenders.

Texas facility power plant

▪The Google guarantees cover four data-center leases signed by Anthropic and related power-purchase agreements for electricity from an on-site plant.
▪The proposed Hubbard, Texas project includes a natural-gas-fired power plant capable of producing 1.6 gigawatts of electricity.

Anthropic chip procurement arrangement

▪Anthropic plans to equip the Texas site with tensor processing units co-designed by Google and Broadcom.
▪The tensor processing units for the Texas site would be funded through a separate vendor-financing agreement between Anthropic and Broadcom.