Story perspectives
Meta Secures $29 Billion for Louisiana Data Center Expansion
8/8/2025
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Story summary
- Meta Platforms Inc. has selected Pacific Investment Management Co. and Blue Owl Capital Inc. for a $29 billion financing deal.
- This funding will facilitate data center expansion in rural Louisiana, addressing the rising demand for AI infrastructure.
- Pimco will manage a $26 billion debt component, with Blue Owl providing $3 billion in equity.
- The debt is expected to be issued as investment-grade bonds backed by the data center's assets.
