Meta Platforms is close to finalizing an almost $30 billion financing deal to develop its data center site in rural Louisiana — a transaction that would mark the largest private capital deal on record, according to Bloomberg.
The project reflects the ongoing rush among major cloud service providers to scale AI infrastructure, with much of the investment focused on expanding data center capacity. Under the deal, Meta and alternative asset manager Blue Owl Capital will co-own the Hyperion data center in Richland Parish, with Meta holding a 20% stake.
Morgan Stanley arranged more than $27 billion in debt and roughly $2.5 billion in equity through a special purpose vehicle (SPV) to fund construction. While Meta will not directly borrow the funds, the financing will be executed through the SPV, with Meta serving as developer, operator, and tenant once the site is completed in 2029.
In August, Reuters reported that Meta had partnered with PIMCO and Blue Owl to lead the $29 billion financing. The bonds, structured under Rule 144A and maturing in 2049, were priced on October 16 with PIMCO acting as the anchor investor. A few additional investors have received smaller allocations of the debt.
Neither Meta, Blue Owl, nor Morgan Stanley have commented on the deal. The company also announced this week a separate $1.5 billion investment to build a new data center in El Paso, Texas — its 29th globally — to further expand infrastructure supporting artificial intelligence workloads.
Source: Reuters
