JPMorgan, MUFG back $22B loan for Vantage’s massive Texas data center build

JPMorgan and MUFG are finalizing a $22 billion loan to finance Vantage Data Centers’ $25 billion Frontier campus in Shackelford County, Texas. Spanning 1,200 acres, the 1.4GW site will host 10 data centers totaling 3.7 million sq ft, with the first phase due in 2026. The project underscores Wall Street’s growing role in funding mega-scale digital infrastructure as AI-driven demand reshapes global capital flows.