Meta Taps Morgan Stanley, JPMorgan for El Paso Data Center Deal
6 Articles
6 Articles
Meta Taps Morgan Stanley, JPMorgan for El Paso Data Center Deal
Meta Platforms Inc. is working on a financing package for a data center in El Paso, Texas, that could total roughly $13 billion, underscoring Big Tech’s growing reliance on debt to bankroll the infrastructure behind the AI boom.
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Meta resorts to a syndicated loan of about $13 billion to finance its data center in El Paso, Texas. Morgan Stanley and JPMorgan lead the operation, the biggest sign of the appetite of big techs for debt to sustain the AI infrastructure. Financing, still under negotiation, reflects a shift in Big Tech’s strategy: formerly suspicious of credit, they now embrace it so as not to fall behind in the race for artificial intelligence. Keys to Operation…
Meta taps Morgan Stanley, JPMorgan for $13B Texas data center financing
Meta is working with Morgan Stanley and JPMorgan on roughly $13 billion in financing for its El Paso data center campus, per a May 4 report. The package is mostly debt with a smaller equity slice. It could become one of the largest single-site digital infrastructure financings on record, though below Meta’s $27 billion Hyperion deal with Blue Owl in October 2025. Meta’s original commitment to El Paso, announced in October 2025, was $1.5 billion.…
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