Overview

• Meta finalized a $29 billion financing package for its rural Louisiana AI data center, comprising $26 billion in debt and $3 billion in equity.
• The debt will be issued by PIMCO as investment-grade bonds secured by the center’s physical assets.
• Blue Owl’s equity stake emerged from a Morgan Stanley-led selection that shortlisted Apollo and KKR.
• The deal ranks among the largest private-credit financings in the AI infrastructure sector.
• The transaction underscores a shift toward asset-backed funding to support large-scale AI computing campuses.