Bankers Doing Data Center Financings Had No Respite This Summer

There were no August vacations for bankers who do data center financing deals.

At the start of the month, Meta reached a deal to borrow $26 billion and get $3 billion in equity tied to its data center build-out, according to Bloomberg. This week, JPMorgan Chase and Japanese lender Mitsubishi UFJ Financial Group agreed to underwrite $22 billion in debt to Vantage Data Centers. Other nonvacationing bankers worked on xAI’s $10 billion debt and equity deal in July and CoreWeave’s $2.6 billion debt deal.