--- title: "Eagle Point Backs $1.3B Loan for Anthropic-Anchored Texas Data Center" type: "News" locale: "en" url: "https://longbridge.com/en/news/296395507.md" description: "Eagle Point Credit Management is backing a $1.3 billion mezzanine debt loan for Nexus Data Centers' AI data center in Texas, with Anthropic as the main tenant. This financing is part of a larger $16 billion project led by banks like Morgan Stanley, supported by Google's senior debt guarantee. The deal accelerates Nexus's construction plans and follows Anthropic's growing credit needs ahead of its potential IPO." datetime: "2026-08-19T19:52:52.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/296395507.md) - [en](https://longbridge.com/en/news/296395507.md) - [zh-HK](https://longbridge.com/zh-HK/news/296395507.md) generator: "portal-rs" --- # Eagle Point Backs $1.3B Loan for Anthropic-Anchored Texas Data Center **Eagle Point Credit Management** is backing a $1.3 billion private credit loan for a major artificial intelligence data center in Texas linked to **Anthropic.** The funds will be used to complete the construction of a 2,900-acre data center in Hubbard, Texas, and are part of a $16 billion project for Nexus Data Centers, Bloomberg reported, citing sources familiar with the deal. Banks, including **Morgan Stanley**, are leading the larger package. The $1.3 billion piece is structured as mezzanine debt, sitting below the safest parts of the financing, and recently closed. The site, Nexus’ first campus, is expected to include its own natural-gas fired power plant, and Anthropic is slated to serve as the facility’s main tenant. **Read Also: Anthropic's Pre-IPO Credit Line Is Growing — and Banks Are Angling for Underwriting Roles** Eagle Point started arranging financing for Nexus around September 2025, initially targeting $150 million in senior secured debt backed by land the data center had purchased in Hubbard, sources noted. The two firms expanded the financing several times in the months that followed ultimately bringing it into its current size structure. The financing accelerated after Anthropic was chosen as the facility’s primary tenant through a competitive bidding process, and **Alphabet Inc.**-owned(NASDAQ:GOOGL) Google agreed to guarantee the senior debt. Google has backstopped debt at other data center projects, a structure that reassures lenders while concentrating risk. Nexus may issue high-yield bonds later this year to refinance the $15 billion bank-led portion, a step that would require it to obtain a credit rating. Google has provided similar guarantees at data centers across the United States. In December, energy infrastructure platform **Hut 8 Corp.** (NASDAQ:HUT) provided counterparty financial support, covering the lease payments and related pass-through obligations, according to a press release. Google also provided a $3.2 billion lease backstop tied to **TeraWulf’s** AI data center buildout. Eagle Point was founded in 2012 by **Thomas Majewski** and **Stone Point Capital** and has approximately $14 billion in assets under management.  Earlier this week, it was reported that Anthropic’srevolving credit facility is set to exceed its approximately $10 billion target, as the artificial intelligence company lays the groundwork for its highly anticipated initial public offering. The potential expansion has banks looking to secure a role in the credit facility and potentially strengthen their chances of winning an underwriting mandate for the Claude chatbot maker’s IPO. *Photo: Shutterstock* **Read Also: OpenAI Hits the Brakes on Frontier AI Training Over Cybersecurity Fears** ### Related Stocks - [GOOGL.US](https://longbridge.com/en/quote/GOOGL.US.md) - [MS.US](https://longbridge.com/en/quote/MS.US.md) - [ECC.US](https://longbridge.com/en/quote/ECC.US.md) - [ANTH.NA](https://longbridge.com/en/quote/ANTH.NA.md) - [GOOG.US](https://longbridge.com/en/quote/GOOG.US.md) - [GOOW.US](https://longbridge.com/en/quote/GOOW.US.md) - [GGLS.US](https://longbridge.com/en/quote/GGLS.US.md) - [GGLL.US](https://longbridge.com/en/quote/GGLL.US.md) - [GOOY.US](https://longbridge.com/en/quote/GOOY.US.md) - [GOU.US](https://longbridge.com/en/quote/GOU.US.md) - [GOOX.US](https://longbridge.com/en/quote/GOOX.US.md) - [GOOP.US](https://longbridge.com/en/quote/GOOP.US.md) - [MAGX.US](https://longbridge.com/en/quote/MAGX.US.md) - [HUT.US](https://longbridge.com/en/quote/HUT.US.md) - [WULF.US](https://longbridge.com/en/quote/WULF.US.md) - [OpenAI.NA](https://longbridge.com/en/quote/OpenAI.NA.md) - [MS-O.US](https://longbridge.com/en/quote/MS-O.US.md) - [MS-Q.US](https://longbridge.com/en/quote/MS-Q.US.md) - [MS-E.US](https://longbridge.com/en/quote/MS-E.US.md) - [MS-I.US](https://longbridge.com/en/quote/MS-I.US.md) - [MS-L.US](https://longbridge.com/en/quote/MS-L.US.md) - [MS-P.US](https://longbridge.com/en/quote/MS-P.US.md) - [MS-A.US](https://longbridge.com/en/quote/MS-A.US.md) - [MS-F.US](https://longbridge.com/en/quote/MS-F.US.md) - [MS-K.US](https://longbridge.com/en/quote/MS-K.US.md) ## Related News & Research - [OpenAI CEO Sam Altman Says Company Willing to Slow AI Development](https://longbridge.com/en/news/298746954.md) - [FACTBOX-How AI leaders and world governments react to 'AI doom' fears](https://longbridge.com/en/news/299047648.md) - [Charles Schwab and Anthropic to Bring Claude to Independent Registered Investment Advisors | SCHW Stock News](https://longbridge.com/en/news/298944353.md) - [Charles Schwab (SCHW) Brings AI Tools To 16,000 Advisors](https://longbridge.com/en/news/299019891.md) - [OpenAI IPO will not happen in 2026 amid AI safety fears, Altman says](https://longbridge.com/en/news/298815100.md) --- > **Disclaimer: This article is for reference only and does not constitute any investment advice.**