(Reuters) -A consortium of around 20 banks is providing a project finance loan of about $18 billion to support the construction of a data center campus linked to Oracle in New Mexico, Bloomberg News reported on Friday.

Sumitomo Mitsui Banking Corp, BNP Paribas SA, Goldman Sachs Group, and Mitsubishi UFJ Financial Group are administrative agents on the deal, the report said, citing people with knowledge of the matter.

The four lead banks have enlisted other banks and will now sell the debt to additional banks and institutional investors through a retail syndication process, with commitments expected by late November, according to the report.

U.S. tech firms are ramping up investments in data centers to meet soaring demand for computing power, driven by increasingly complex artificial int

See Full Page