Reported 1 day ago
Meta Platforms has secured a groundbreaking $29 billion financing package to support a data center in Louisiana, a significant win for private credit firms eager to enter the investment-grade debt market dominated by traditional banks. This strategic deal, led by Pacific Investment Management Co. and Blue Owl Capital Inc., marks one of the largest transactions of its kind and signals potential growth for the private credit sector amidst increased demand for AI infrastructure. Major tech companies are ramping up investments in data centers, with capital expenditures on AI projected to exceed $3 trillion in the coming years.
Source: YAHOO