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Meta Raises $30 Billion for AI Data Center Through Off-Balance Sheet SPV
Meta Raises $30 Billion for AI Data Center Through Off-Balance Sheet SPV
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BTCCSquare news:
Meta Platforms has orchestrated a $30 billion financing deal for its Hyperion AI data center project in Louisiana, using a special purpose vehicle to keep the debt off its balance sheet. The structure involved $27.3 billion in bonds purchased by institutional investors like Pimco and BlackRock, with Blue Owl taking an 80% equity stake through its $2.5 billion investment.
Creative accounting measures included four-year lease terms instead of traditional 20-year commitments, along with pre-approval from the SEC and credit rating agencies. Moody's and S&P confirmed the arrangement wouldn't impact Meta's credit rating, preserving the tech giant's financial flexibility during its AI infrastructure expansion.
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