Key Takeaways
- Meta secures nearly $30 billion financing for Louisiana data center
- Largest private capital deal on record according to Bloomberg
- Project completion scheduled for 2029 with Meta as developer and operator
Meta Platforms is finalizing a landmark $30 billion financing package for its Hyperion data center site in rural Louisiana, marking what would be the largest private capital deal ever recorded. The social media giant’s massive investment underscores the intense race among hyperscale cloud providers to build AI infrastructure capacity.
Deal Structure and Ownership
According to Bloomberg News, Meta will partner with alternative asset manager Blue Owl Capital, with the social media company retaining just 20% ownership of the Richland Parish facility. The unique ownership structure positions Meta as the developer, operator, and primary tenant while sharing financial responsibility.
Morgan Stanley has arranged the complex financing package comprising over $27 billion in debt and approximately $2.5 billion in equity through a special purpose vehicle. This SPV structure means Meta itself isn’t directly borrowing the capital, though it remains deeply involved in the project’s execution.
Financing Timeline and Key Players
The financing effort gained momentum in August when Reuters reported Meta had tapped PIMCO and Blue Owl Capital to lead the nearly $29 billion package. The deal reached a critical milestone on October 16 when parties finalized bond pricing in the 144A format with PIMCO serving as anchor lender.
Additional investors are receiving allocations of the debt, which carries a maturity date of 2049. The 25-year financing horizon reflects the long-term nature of data center infrastructure investments.
Broader Expansion Context
This Louisiana project represents just one component of Meta’s aggressive infrastructure expansion. The company simultaneously announced a $1.5 billion investment in a new data center in El Paso, Texas, which will become its 29th global facility dedicated to supporting AI workloads.
Neither Meta, Blue Owl Capital, nor Morgan Stanley responded immediately to Reuters requests for comment regarding the financing details.
