Quartz·1 min read·medium
BlackRock is raising $12 billion in bonds to help finance Meta's Texas AI data center
✦AI Summary
BlackRock is raising $12 billion in debt to finance a massive 1-gigawatt AI data center in El Paso, Texas. The project is being managed by JPMorgan Chase and Morgan Stanley to support Meta's growing infrastructure needs.
JPMorgan Chase and Morgan Stanley are arranging the debt sale for a 1-gigawatt campus in El Paso that BlackRock's infrastructure and private-credit units own 80% of
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