JPMorgan, MUFG Lead $23 Billion Loan for Data-Center Campus

JPMorgan Chase & Co. and Mitsubishi UFJ Financial Group are leading a loan of more than $22 billion to support Vantage Data Centers’ plan to build a massive data-center campus, according to people with knowledge of the matter.

The banks are underwriting the infrastructure loan along with others including BNP Paribas, Goldman Sachs Group Inc., Societe Generale SA, Sumitomo Mitsui Banking Corp. and Wells Fargo & Co., the people said, asking not to be identified discussing private details. The loan is around $23 billion, but the final size hasn’t been determined as the costs of the project are still being calculated, one of the people said.