Banks shelve $5B-$7B junk-bond sale for Anthropic-leased Texas data center

Morgan Stanley-led banks have shelved a $5B to $7B junk-bond sale tied to an Anthropic-leased Texas data center, according to a post by Rohan Paul on X. The report links the pause to Governor Greg Abbott's freeze on new data center grid connections until Texas regulators finish an audit.

Seven banks have already disbursed a $14.2B one-year loan for the project, with roughly $2B at stake for each bank, the report says.