Meta has secured a $29 billion financing deal for its data center expansion in rural Louisiana, with PIMCO handling $26 billion in debt and Blue Owl contributing $3 billion in equity. Other firms like Morgan Stanley, Apollo Global Management, and KKR were also considered for the deal. Meta plans to build massive AI data centers, with its first center expected to come online in 2026. The company aims to offload $2 billion in data center assets as part of a co-development strategy. Meta is looking to raise $29 billion from private capital firms for its AI infrastructure push.

Read more at Yahoo Finance: Meta taps PIMCO, Blue Owl for $29 billion data center expansion project, source says