Markets Mindset: Q1 2026 Leveraged Finance: A Deep Dive into Data Center Financing

Markets Mindset: Q1 2026 Leveraged Finance: A Deep Dive into Data Center Financing

From Beyond The Obvious by Mizuho | Greenhill

January 21, 2026 · 14 min · Episode 29

About this episode

The episode discusses the current state and future outlook of leveraged finance markets, particularly in relation to data center projects.

Leveraged finance markets experienced a meaningful pick up of activity in 2025 driven largely by continued high volumes of data center financings, including several of Mizuho’s recently lead deals. But as we enter 2026 with even more data center projects on the horizon, is the market equipped to meet demand for financing? In our latest episode of Markets Mindset, Mizuho’s Managing Director in Leveraged Finance, Jim Boland, is joined by Nicholas Brice, Head of Leveraged Finance Trading, and Rahul Shah, Head of Project Finance, for a discussion on how this year is shaping up in their markets and what lessons can be learned from 2025. Our guests offer their insights on the reception from high yield investors on the data center growth, discuss the opportunities and challenges around data center construction and share their thoughts on whether banks can cope with the volume of demand. Hear from our experts as they outline what to expect within leveraged finance markets throughout the coming year as new data center projects get the green light.

People in this episode

Host: Jim Boland

Guests: Nicholas Brice, Rahul Shah

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Organizations: Mizuho, Greenhill

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