Banks Shelve Bond Issuance for Anthropic-Linked Texas Data Center

TechFlow report, October 29: According to Bloomberg, several banks have delayed plans to sell part of a USD 15 billion loan as Texas pauses new projects and assesses the risks these projects pose to the power grid. The loan is used to finance a Texas data center linked to Anthropic. With the bond issuance delayed, banks will hold the debt longer than originally planned, and the related debt will remain on their balance sheets. Anthropic is currently ramping up investment in compute infrastructure in preparation for a large-scale IPO.

Source: TechFlow