Meta Platforms AI Developments

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BlackRock leads $12 billion off-balance-sheet financing for Meta’s El Paso data center

  • BlackRock plans to issue more than $12 billion in bonds to help finance Meta’s El Paso data center.
  • BlackRock will have 80% ownership in the vehicle while Meta will have 20%.
  • The arrangement follows the same template Meta applied in Louisiana, where it raised $27 billion through bonds issuance.
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