Meta has reportedly enlisted U.S. bond firm PIMCO and alternative asset manager Blue Owl Capital to oversee a $29 billion financing for its data center expansion in rural Louisiana.
The deal comes as Meta seeks partners to support its AI infrastructure expansion.
Under the agreement, PIMCO will manage approximately $26 billion of debt, primarily through bonds, while Blue Owl will invest $3 billion in equity.
PIMCO has reportedly been raising funds with Morgan Stanley, while Apollo Global Management and KKR were also competing to lead the deal until the final stages of negotiations.
Last week, Meta announced in a filing that it intends to sell around $2 billion worth of data center assets.
In July, Mark Zuckerberg announced that Meta plans to invest hundreds of billions of dollars in building multiple large AI data centers to support its superintelligence division.
Meta, PIMCO, and Blue Owl have not yet responded to the report.
By CEO NA Editorial Staff
