A group of banks, including Natixis SA, Mitsubishi UFJ Financial Group Inc., and Societe Generale SA, has begun selling $3 billion in loans to finance Meta Platforms Inc.'s Prometheus data center in New Albany, Ohio. This financing is part of a broader initiative to enhance artificial intelligence infrastructure, with Meta's CEO Mark Zuckerberg pledging to invest hundreds of billions of dollars through the end of the decade. The loan structure consists of two tranches: a $2.1 billion tranche and a $900 million tranche, both offered as four-year loans with a potential one-year extension. The pricing for these loans is set at 2.5 percentage points over the benchmark rate. EdgeConneX Inc., a data center operator owned by EQT Infrastructure, will manage the facility, which is anticipated to be operational later this year. This transaction follows Meta's previous successful fundraising efforts, including a record $30 billion in investment-grade bonds last year.