Vantage Data Centers has been actively securing substantial debt financing across multiple projects. JPMorgan Chase & Co. and Mitsubishi UFJ Financial Group (MUFG) are leading a loan of over $22 billion, potentially reaching $23 billion, to support Vantage's massive data-center campus in Texas. This project, known as the Frontier campus in Shackelford County, is projected to cost $25 billion and will feature 10 data centers spanning 3.7 million square feet with 1.4GW of capacity. Other banks underwriting this infrastructure loan include BNP Paribas, Goldman Sachs Group Inc., Societe Generale SA, Sumitomo Mitsui Banking Corp., and Wells Fargo & Co. Construction has already commenced, with the first building expected by the second half of 2026 and the rest by the end of 2028.
In a separate development, Ares Management Corp. is providing $2.4 billion in debt financing to Vantage Data Centers. Ares has committed $1.6 billion and has already funded approximately $330 million. These funds are intended to support the development, construction, and operation of data centers across Vantage's North American portfolio, as well as to refinance existing debt. Part of this financing may also be used for infrastructure supporting Oracle Corp.'s partnership with OpenAI.
Furthermore, Vantage has secured €750 million ($813 million) in financing for its expansion in Europe, the Middle East, and Africa (EMEA). This financing package involves Ares Management's Infrastructure Debt and Alternative Credit strategies, CDPQ, and Schroders Capital's Private Debt and Credit Alternatives team. Ares and CDPQ are each providing up to €300 million ($325.3 million), while Schroders Capital is contributing up to €150 million ($162 million). These proceeds, combined with incremental equity, will fuel the growth of Vantage EMEA’s data center portfolio, which currently encompasses 14 campuses across Europe and South Africa, aiming for a combined IT capacity of 751MW upon full development.
While the original article from the Financial Times regarding Vantage Data Centers seeking $2 billion in loans from Pimco and PGIM was not found, the provided search results indicate significant financing activities by Vantage Data Centers from various other major financial institutions. For instance, Pimco has been involved in other large data center financings, such as a potential $14 billion debt deal for an Oracle data center in Michigan and an $18 billion deal for Meta Platforms' Hyperion data center, but there is no direct confirmation from the provided sources that Pimco or PGIM are providing a specific $2 billion loan to Vantage Data Centers.
