Meta Platforms Inc. has selected Pacific Investment Management Co. (Pimco) and Blue Owl Capital Inc. to lead a $29 billion financing package for its data center expansion in rural Louisiana. The deal is part of the growing competition for artificial intelligence infrastructure.
Pimco will lead the debt portion, with an estimated value of $26 billion, while Blue Owl will provide $3 billion of equity. The funding will be secured through investment-grade bonds backed by the data center’s assets. This move comes as companies rush to build and expand their AI capabilities in anticipation of increasing demand.
Source: https://www.bloomberg.com/news/articles/2025-08-08/meta-picks-pimco-blue-owl-for-29-billion-data-center-financing