US EditionBloomberg: Meta, xAI starting trend for billions in off-balance sheet debt | ResearchBuzz: Firehose
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According to Bloomberg, Meta raised $30 billion through a corporate investment-grade bond issue, the largest of the year in this segment. Investors filed up to $125 billion in applications, demonstrating a strong market appetite for AI-exposed players. This transaction comes in the wake of the group's quarterly results, marked by revenues up from 26% to $51.2 billion, driven by a strong rebound in advertising activity.
Bloomberg: Meta, xAI starting trend for billions in off-balance sheet debt | ResearchBuzz: Firehose
Bloomberg: Meta, xAI starting trend for billions in off-balance sheet debt. “Just this month, Meta Platforms Inc. has secured about US$60 billion in capital to build data centres, part of its spending to get ahead in the artificial intelligence race. Half of that won’t show up on the social media giant’s balance sheet as debt. Meta is among firms popularizing a way for debt to sit completely off balance sheet, allowing enormous sums to be raised…
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