# Banks and private lenders pull back from new AI data center financing

_Published Monday, November 9, 2026 at 6:19 PM EST · Infrastructure · Latest · Tier 2 — Notable_

![Banks and private lenders pull back from new AI data center financing — Primary](https://cdn.businessday.ng/2023/09/African-data-centre.png)

Commercial banks and private credit lenders have begun pulling back from financing new AI data centers, Business Day reported. Credit committees are stalling deals even for facilities backed by Alphabet and Anthropic as secondary debt markets reprice risk.

The report cites internal lending reviews and BloombergNEF data showing $13.4 billion in fixed-rate, dollar-denominated data center debt maturing in 2027. It estimates refinancing at current market rates would increase borrowing costs by 2.85 percentage points and add $380 million in annual interest expenses before wider credit spreads.

Utility connection queues and skilled labor shortages are also delaying rental cash flows for developers including Terawulf and Crusoe. The refinancing figures are estimates rather than completed borrowing transactions.

## Sources

- [Business Day](https://businessday.ng/technology/article/wall-street-quietly-freezes-data-center-loans-ahead-of-13-4bn-ai-debt-wall/)

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Canonical: https://techandbusiness.org/newswire/YStDxbSz7l1FSXUMGaSpMQ
Published: 2026-11-09T23:19:14.524Z
Story chronology: 2026-11-09T20:23:06.000Z
Retrieved: 2026-11-10T01:29:27.036Z
Publisher: Tech & Business (techandbusiness.org)