Meta faces higher borrowing costs in its latest $12 billion data center financing round

Reportedly, bond investors are seeking a significantly higher yield in the latest $12 billion Meta-supported data center transaction, compared with the terms agreed nine months earlier, as the market has already priced in higher-risk AI financing. According to people familiar with the matter, a data center project in El Paso, Texas, with a capacity of nearly 1 GW, is planning to issue bonds via a special-purpose vehicle under BlackRock, with yields of more than 7% in initial talks. The sources added that pricing discussions are still at an early stage and could change as soon as trading formally begins, possibly as early as next Monday. (Sina Finance)
META-3.35%
BLK-1.83%
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