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Meta Platforms is finalizing a record-setting financing package of nearly USD 30 billion for its Hyperion data center in Richland Parish, Louisiana. The project will be co-owned with Blue Owl Capital, while Meta retains a 20% stake. Morgan Stanley has structured the deal through a special purpose vehicle, raising over USD 27 billion in debt and around USD 2.5 billion in equity. Meta will develop, operate, and occupy the facility, expected to be completed by 2029. Alongside this, Meta recently announced a USD 1.5 billion investment in a new data center in El Paso, Texas, further expanding its AI-focused infrastructure globally.
Meta Platforms is preparing to close a nearly USD 30 billion financing deal for its Hyperion data center in rural Louisiana, a transaction expected to be the largest private capital deal of its kind. This move reflects the growing focus among hyperscale cloud providers on expanding AI infrastructure, as companies increasingly invest in data centers to meet rising computational demands. Advertisement
Ownership of the Hyperion site in Richland Parish will be shared between Meta and alternative asset manager Blue Owl Capital, with Meta retaining a 20% stake. Morgan Stanley has arranged financing through a special purpose vehicle, combining more than USD 27 billion in debt with around USD 2.5 billion in equity. Although Meta is not borrowing directly, it will serve as the developer, operator, and tenant of the data center, which is slated for completion by 2029.
Earlier in the year, Meta had partnered with U.S. bond manager PIMCO and Blue Owl Capital to lead the USD 29 billion financing package. The final step included pricing the bonds in a 144A format, with PIMCO acting as the anchor lender. Several other investors were allocated portions of the debt, which is set to mature in 2049. Meta, Blue Owl, and Morgan Stanley have not commented publicly on the deal.
This financing follows Meta's recent announcement of a USD 1.5 billion investment in a data center in El Paso, Texas, marking its 29th global facility. These projects demonstrate Meta's continued commitment to expanding infrastructure that supports AI workloads. The Louisiana and Texas developments together highlight a strategic approach: using private capital and partnerships to expand AI-focused operations while maintaining operational control and minimizing direct financial exposure.
The deal also underscores a larger trend in the tech industry, where hyperscale companies are increasingly relying on complex financing structures to fund massive infrastructure projects. By leveraging partnerships and SPV financing, Meta is positioning itself to strengthen its AI and cloud computing capabilities in the United States and beyond.
Source Reuters
5th Jun, 2025
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