"Meta is working with Morgan Stanley and JPMorgan Chase on a financing package of roughly $13bn for a single data centre in El Paso, Texas. If completed at the size discussed, it would be one of the largest single-site digital-infrastructure financings ever assembled."
"The package is expected to be mostly debt, with a smaller equity portion. Meta has been increasing the scope of the El Paso project on a near-quarterly cadence, more than sextupling its planned investment in the site in March."
"Project-level financing of this kind is now the standard structural answer for AI data centres at scale. The Meta El Paso deal sits inside that pattern, but pushes single-site financing to a new ceiling."
Meta Platforms is collaborating with Morgan Stanley and JPMorgan Chase to secure a $13bn financing package for its El Paso AI data center. This financing, primarily debt, would be one of the largest for a single-site digital infrastructure. The project has seen increased investment, now exceeding $10bn, with a target capacity of roughly 1 gigawatt by 2028. This financing approach reflects a growing trend in project-level financing for large-scale AI data centers, as companies seek to manage substantial capital expenditures without straining cash flow.
Read at TNW | Artificial-Intelligence
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