Banks Selling $3 Billion Debt for Meta’s Prometheus Data Center

A group of banks including Natixis SA, Mitsubishi UFJ Financial Group Inc. and Societe Generale SA have started selling $3 billion of loans for a data center in Ohio backed by Meta Platforms Inc., the latest deal supporting the buildout of artificial intelligence infrastructure.

The general syndication of the loans for the data center building as well as related power assets is structured in a single transaction, according to people familiar with the matter. Royal Bank of Canada and Sumitomo Mitsui Banking Corp are also arrangers in the transaction, said the people who are not authorized to speak publicly.