News

Meta taps Blue Owl, PIMCO

Meta taps PIMCO, Blue Owl for $29 billion data center expansion project, source says
Meta has tapped U.S. bond giant PIMCO and alternative asset manager Blue Owl Capital to spearhead a $29 billion financing for its data center expansion in rural Louisiana, a person familiar with the matter told Reuters.
Meta picks Pimco, Blue Owl for $29 billion data center deal
Meta Platforms Inc. has selected Pacific Investment Management Co. and Blue Owl Capital Inc. to lead a $29 billion financing for its data center expansion in rural Louisiana as the race for
Meta taps Pimco and Blue Owl for $29bn data center financing - report
Citing people with knowledge of the matter, Bloomberg reports Meta has selected Pacific Investment Management Co. (Pimco) and Blue Owl Capital Inc. to lead a $29 billion financing for its data center expansion in rural Louisiana.
Meta's big Louisiana data center has united these two opposing groups. What's behind it?
It's not often that environmental groups and oil companies team up for a cause. The plan to power Meta's giant AI data center in remote Louisiana has proven to be a rare exception.
Mark Zuckerberg says Meta is building a 5GW AI data center
Mark Zuckerberg says Meta is building out some massive data centers to power its AI ambitions and compete with OpenAI, Google, and Anthropic.
Meta to sell $2bn of data center assets for co-development
Social media firm Meta is set to sell some of its in-development data center portfolio. “At the beginning of June 2025, we approved a plan to dispose of certain data center assets and reclassified $2.04 billion of these assets as held-for-sale,” the company said in the SEC filings for its latest quarterly earnings.
Meta Picks Pimco, Blue Owl for $29B Data Center Deal
Meta Platforms Inc. has selected Pacific Investment Management Co. and Blue Owl Capital Inc. to lead a $29 billion financing for its data center expansion in rural Louisiana as the race for artificial intelligence infrastructure heats up,
Meta taps Blue Owl, PIMCO for $29B financing for data center project - report
Meta Platforms (NASDAQ:META) has tapped Pacific Investment Management Co. and Blue Owl Capital to lead a $29 billion financing for its data center expansion in rural Louisiana, Bloomberg News reported,
Pimco, Blue Owl Emerge as Winners for Meta’s $29 Billion Financing
The social media company plans to use $26 billion of debt and $3 billion of equity to fund its data center expansion in Louisiana
Meta selects PIMCO, Blue Owl for $29 billion data center financing, Bloomberg News reports
Meta has selected investment management firm PIMCO and alternative asset manager Blue Owl Capital for a $29 billion financing deal related to its data center projects in rural Louisiana, Bloomberg News reported on Thursday.
Meta Reportedly Taps PIMCO, Blue Owl Capital To Raise $29B For Louisiana Data Center Buildout
Meta Platforms, Inc.’s (META) quest to be among the frontrunners in the artificial intelligence (AI) arena has led the company to commit multi-billion-dollar investments. The company has reportedly secured funding from two financing institutions to support its data center expansion.
SoftBank, Meta make strides in data center push with purchase of EV plant, financing plans
Tech companies are racing to build powerful data centers across the nation, especially as President Trump calls for increased ...
Meta’s $29-billion deal marks key moment for private credit
This week major lenders caught the biggest fish yet: a $29 billion financing package for Meta Platforms Inc.’s massive data ...
Bisnow4d
Meta Putting $2B In Data Center Land Up For Sale To Fund AI Infrastructure
A plan to reclassify data center assets and construction sites as up for sale was approved in June, Meta's earnings report ...
NOLA.com25d
Plan to power Meta's massive Louisiana data center examined in key hearing
Environmental groups and petrochemical companies questioned Entergy's proposal to build three new gas power plants to power ...