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Meta Faces Higher Borrowing Costs in Latest $12 Billion Data Center Financing
18 hour ago /
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Author：小编
Bond investors are reportedly seeking higher yields in the latest $12 billion Meta-backed data center deal. Compared to nine months ago, the market has factored in higher risks associated with AI financing into pricing. Sources familiar with the matter revealed that the nearly 1-gigawatt data center project in El Paso, Texas, plans to issue bonds through a special purpose company under BlackRock, with initial discussions indicating yields exceeding 7%. However, price discussions are still in their early stages and could change as early as next Monday when trading commences.
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