Story thread · 34 reports / 24 sources

Meta Is Financing Its $14 Billion El Paso Data Center by Selling 80 Percent of It to BlackRock

forkast.news · 12dShare

Meta is financing its $14 billion, 1 GW El Paso data center through a sophisticated sale-leaseback variant that converts existing land and construction-in-progress assets into partnership equity. By offloading the immediate capital burden to external partners, the company has established a joint venture where BlackRock-managed funds hold an 80% equity stake, while Meta retains a […]

First report: BlackRock Dodges AI Bond Flop as $12.3 Billion Debt Deal Rallies — bloomberg.com, 15d