BlackRock Leads $12 Billion Debt Sale to Finance 1 GW Meta Data Center in Texas
BlackRock is leading a bond sale of at least $12 billion to finance a 1 GW data center campus in El Paso, Texas, backed by Meta. BlackRock-managed funds will hold an 80% stake in the joint venture, with Meta retaining a 20% ownership share and serving as the primary tenant for the computing capacity.
A holding company positioned above BlackRock’s stake will issue the bonds, with project revenues from Meta’s long-term space and power purchases expected to service the debt. The deal highlights the growing role of private market investors and real estate vehicles in funding the capital-intensive expansion of artificial intelligence infrastructure.
From the sources (16 posts)
@hut8corpHut 8 has fully commercialized its 1 GW Beacon Point AI data center campus with a second 352 MW IT lease, bringing campus-level base-term contract value to $19.6 billion. The 15-year lease doubles the existing high-investment-grade tenant's
@stocksavvyshay$HUT signed a second 15-year, $9.8 billion AI data center lease at its Texas campus doubling the tenant’s contracted capacity to 704 MW. The deal fully leases the 1 GW Texas campus and brings total base-term contract value to ~$20B. https:
@wallstengine$HUT signed a second 15-year, $9.8 billion AI data center lease at its Beacon Point campus in Texas, doubling the same investment-grade tenant’s contracted capacity to 704 MW. The deal fully commercializes the 1 GW campus and brings its to
@polymarketBREAKING: BlackRock leads $12,000,000,000.00 in financing for massive Meta data centers in Texas.
@wsjbusinessBlackRock is leading a debt sale targeting at least $12 billion for its massive new El Paso data-center project backed by Meta
@financialjuice🔴 BlackRock Leads $12 bln Financing for New Meta Data Centers in Texas - WSJ. $META
@financialjuiceBlackRock Leads $12 bln Financing for New Meta Data Centers in Texas - WSJ. $META
@firstsquawkBLACKROCK LEADS $12 BLN FINANCING FOR NEW META DATA CENTRES IN TEXAS - WSJ
@stockmktnewzThe data center Blackrock $BLK is looking to raise more than $12B in debt for is backed by Meta Platforms $META
@kalshiJUST IN: BlackRock leads $12 billion financing for new Meta data centres in Texas
@andrewcurran_BlackRock is leading a debt sale of at least $12 billion for a massive 1 GW datacenter project in El Paso, Texas. BlackRock will own 80%, META 20% (META will use the capacity).
@unusual_whalesBlackRock, $BLK, is leading a debt sale targeting at least $12 billion for its new El Paso data-center project backed by Meta, $META, Platforms, per WSJ
@stocksavvyshay$BLK is looking to sell more than $12B of bonds to finance a data center campus in Texas. The massive debt raise would fund a project backed by $META.
@exec_sumBREAKING: BlackRock is looking to sell over $12 billion of bonds to help finance a data center campus in El Paso, TX
@shanumathew93BlackRock-managed funds own 80% of Meta’s El Paso data center JV, with Meta retaining 20%. A HoldCo sitting above BlackRock’s stake is issuing $12B+ of bonds to fund construction. Meta remains the end customer/operator and likely supports
@businessFor Larry Fink, BlackRock’s more than $12 billion debt sale for a Meta data center is the result of years spent transforming a public investments giant into a heavy hitter in private markets too