Click any tag below to further narrow down your results
Links
Meta is constructing a $27 billion data center in Louisiana through a joint venture with Blue Owl Capital. By keeping the project off its balance sheet and using a leasing strategy, Meta avoids increasing its debt and maintains its credit rating.
Meta's planned AI data center in Richland Parish, Louisiana, is projected to cost $50 billion, as stated by former President Donald Trump during a cabinet meeting. This facility is expected to provide significant computational power for supporting various digital infrastructures, particularly in artificial intelligence. Meta has not commented on Trump's announcement.
BlackRock has become one of the largest investors in a $27 billion private-debt deal to finance the construction of Meta's new data center in Louisiana, highlighting the growing capital demands of artificial intelligence projects. The deal, organized by Morgan Stanley, marks the largest private-debt offering to date and received an A+ rating from S&P Global Ratings despite yielding rates typical of junk bonds.