According to individuals with inside knowledge of the situation, the American tech behemoth Meta is making progress on a financing scheme valued at nearly $30 billion for its data center site situated in a rural region of Louisiana. This initiative is poised to rank among the largest private capital transactions in history. The data center, codenamed Hyperion, will be co-owned by Meta and alternative asset management firm Blue Owl Capital, with Meta holding onto a 20% equity share.

Regarding the financing framework, Pacific Investment Management Company (Pimco) is set to spearhead the $26 billion debt financing component. Meanwhile, Blue Owl Capital will contribute $3 billion in equity financing. The debt segment is anticipated to be issued as investment-grade bonds, with the data center assets serving as collateral. Meta will manage its balance sheet by repaying the debt through lease payments. The sprawling data center campus, covering an expansive 2,250 acres, is projected to deliver 5 gigawatts of computing power once fully operational. Construction activities are expected to persist until 2030.