BlackRock is raising at least $12 billion through a bond sale to help finance a new Meta data center campus in Texas, according to multiple reports. The financing is linked to a 1-gigawatt facility in El Paso, Texas, where BlackRock’s infrastructure and private-credit units hold an 80% ownership stake. JPMorgan Chase and Morgan Stanley are reportedly arranging and pitching the debt offering to investors, with the sale described as at least $12 billion. The project is intended to support Meta’s expanding data center and AI infrastructure in the region. One outlet describes the structure as involving BlackRock owning the data center, lending to it, and renting space associated with the facility, though details of the exact terms are not fully specified in the coverage provided. Across the reports, the common elements are the size of the bond raising, the Texas/El Paso location, and the role of JPMorgan and Morgan Stanley in underwriting or arranging the financing, alongside BlackRock’s majority stake through related units.
BlackRock raises $12 billion in bond financing for Meta data center in Texas
BlackRock is raising at least $12 billion through a bond sale to help finance a new Meta data center campus in Texas, according to multiple reports. The financing is linked to a 1-gigawatt facility in...
- BlackRock is raising $12 billion (at least $12 billion) via a bond/debt sale to finance a Meta data center.
- The project is located in El Paso, Texas.
- The facility is described as a 1-gigawatt campus.
- JPMorgan Chase and Morgan Stanley are arranging/pitching investors on the debt sale.
- BlackRock’s infrastructure and private-credit units own about 80% of the data center.
On Monday, JPMorgan and Morgan Stanley began pitching investors on a bond sale of at least $12 billion, as The Wall Street Journal reported. The money will build a Meta data centre in El Paso, Texas. The structure is the story. Who owns what BlackRock and its infrastructure and private-credit arms own 80% of the […] This story continues at The Next Web
4 hours agoJPMorgan Chase and Morgan Stanley are arranging the debt sale for a 1-gigawatt campus in El Paso that BlackRock's infrastructure and private-credit units own 80% of
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