BlackRock Raises $12.5 Billion of Debt for Meta Data Center
Bloomberg 2026-07-27 21:47:14
Context: BlackRock Inc. has successfully raised $12.5 billion in debt financing for a Meta Platforms Inc. data center project located in Texas. The bond sale was completed after a nearly week-long marketing process. This deal comes at a time when the big tech debt market is experiencing a selloff.
Key Facts
- BlackRock Inc. raised $12.5 billion in debt financing through a bond sale tied to a Meta Platforms Inc. data center project.
- The bond sale was the result of a nearly week-long marketing process, indicating a swift and efficient fundraising effort.
- The data center project for which the debt financing was raised is located in Texas, highlighting a significant investment in the state's technology infrastructure.