Meta Platforms is poised to finalize an almost $30 billion financing package for its Hyperion data center in Louisiana, a deal that would set a record for private capital investment, according to Bloomberg News.
The company will partner with Blue Owl Capital to fund the project, splitting ownership while Meta keeps 20% equity. The financing, arranged by Morgan Stanley, includes about $27 billion in debt and $2.5 billion in equity, structured through a special purpose vehicle (SPV) that will carry the borrowing, not Meta itself.
The Richland Parish facility, scheduled for completion in 2029, will serve as a cornerstone of Meta’s expanding AI infrastructure, providing the computing power needed to train and deploy large-scale models across its apps.
The financing process reached its final stage on October 16, with PIMCO leading the bond placement under Rule 144A, joined by a small group of institutional investors. The debt is set to mature in 2049, Bloomberg reported.
Meta has been accelerating its data center investments, announcing this week a $1.5 billion project in El Paso, Texas, its 29th facility globally. The company’s push mirrors a broader trend among hyperscalers racing to secure capacity for the growing wave of AI workloads.
