BlackRock Completes $12.5 Billion Bond Financing for Meta's Texas Data Center Project
BlackRock has finalized a $12.5 billion bond financing deal to support a data center project in Texas backed by Meta Platforms. The funding, arranged through a special-purpose vehicle (SPV), exceeded its initial target of approximately $12.23 billion due to strong investor demand. This transaction highlights the growing appetite for infrastructure investments and underscores confidence in large-scale tech projects amid broader economic uncertainty. BlackRock's role as arranger signals continued institutional support for capital-intensive developments, particularly those tied to major technology firms like Meta.
Topics: BlackRock bond financing data centers Meta Platforms