Banks Syndicate $3 Billion in Loans for Meta's AI Data Center in Ohio
April 8, 2026
A consortium of global banks has launched the syndication of a $3 billion debt package to finance the construction of a major new artificial intelligence data center for Meta Platforms Inc. in Ohio, underscoring the massive capital requirements behind the AI infrastructure arms race.
The transaction, led by arrangers including Natixis SA, Mitsubishi UFJ Financial Group Inc., and Societe Generale SA, will fund the development of the facility, known as the Prometheus data center, along with its associated power infrastructure. According to people familiar with the matter who are not authorized to speak publicly, Royal Bank of Canada and Sumitomo Mitsui Banking Corp. are also acting as arrangers. The deal is structured as a single loan package for both the data center building and the related power assets, which are critical for supporting the immense energy demands of AI computing.
This financing is a key part of Meta's aggressive capital expenditure program, which analysts estimate will reach tens of billions of dollars this year alone to build out its AI capabilities. The scale of this single facility's funding—$3 billion—highlights the extraordinary cost of developing the next generation of hyperscale data centers required to train and run large language models and other advanced AI systems.
The deal represents a significant vote of confidence from the financial sector in the long-term growth of AI and the underlying digital infrastructure. It also signals a robust pipeline for project finance in the technology sector, as financial institutions seek to fund the physical assets powering the AI boom. For Meta, securing this large-scale, syndicated debt provides essential capital to continue its infrastructure expansion without solely relying on its own balance sheet, allowing it to maintain strategic flexibility amid intense competition.
Source: bloomberg
