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Denver, CO ā August 20, 2025
Vantage Data Centers is reportedly close to securing $22 billion in financing from JPMorgan Chase and Mitsubishi UFJ Financial Group (MUFG) to support the development of its $25 billion hyperscale data center campus in Shackelford County, Texas. The funding package, one of the largest ever arranged for a single data infrastructure project, underscores the growing investor confidence in AI-driven digital infrastructure.
š° Financing Structure and Institutional Backing
Sources familiar with the matter indicate that the financing deal is in its final stages, with JPMorgan and MUFG leading a syndicate of global lenders. The structure is expected to include:
- Construction loans for phased development of the 1.4GW āFrontierā campus
- Long-term debt facilities backed by private investment-grade ratings
- Green finance components, aligned with Vantageās sustainability framework
The remaining $3 billion of the project cost is anticipated to be covered through equity contributions and internal capital reserves.
šļø Project Overview: Frontier Campus
Announced earlier this year, the Frontier campus will span 1,200 acres and include:
- 10 hyperscale data centers totaling 3.7 million square feet
- 1.4GW of IT capacity, optimized for GPU-based AI workloads
- Ultra high-density racks exceeding 250kW per cabinet
- Closed-loop liquid cooling systems to reduce water usage
The first facility is scheduled for delivery in the second half of 2026, with full buildout expected by 2030.
š Strategic Importance and Market Context
The financing deal reflects a broader trend of capital inflows into AI infrastructure, as enterprises and cloud providers race to meet surging demand for compute power. Vantageās Frontier campus is positioned to serve leading AI firms, hyperscalers, and research institutions.
Rich Cosgray, Senior Vice President of Global Capital Markets at Vantage, previously stated:
āThese financings demonstrate our ability to secure sustainable and innovative funding vehicles to meet market demand and serve our customers with scalable solutions.ā
The project also aligns with Texasās emergence as a strategic hub for AI and cloud infrastructure, benefiting from favorable energy markets, land availability, and regulatory support.
š¦ Role of JPMorgan and MUFG
Both JPMorgan Chase and MUFG have deep experience in structured infrastructure finance. MUFG recently led a $2.25 billion construction loan for Vantageās Ohio campus, while JPMorgan has expanded its exposure to digital infrastructure through private credit and green finance initiatives.
The Frontier financing is expected to include ESG-linked performance metrics and may qualify for green loan certification under Vantageās Green Finance Framework.
š Outlook and Next Steps
Final terms of the financing are expected to be announced in the coming weeks. If completed, the deal would mark one of the largest private-sector investments in AI infrastructure to date, reinforcing Vantageās position as a leading global data center operator.
Top-of-JPMorgan-Chase-Tower-Dallas-Texas-by-Joe-Mabel.
