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Eagle Point Provides $1.3B Loan for Nexus Texas AI Center

8/20/2026

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Summary

Story summary

Eagle Point Credit Management LLC is providing a $1.3 billion credit loan for Nexus’s Texas AI data center.
The loan is part of a $16 billion project-finance package for Nexus Data Centers.
Google has agreed to guarantee senior debt and backstop payments for the financing.
Nexus may issue high-yield bonds later this year to refinance $15 billion bank-led financing, requiring a credit rating.

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Story summary

Eagle Point Credit Management LLC is providing a $1.3 billion credit loan for Nexus’s Texas AI data center.
The loan is part of a $16 billion project-finance package for Nexus Data Centers.
Google has agreed to guarantee senior debt and backstop payments for the financing.
Nexus may issue high-yield bonds later this year to refinance $15 billion bank-led financing, requiring a credit rating.