- Meta is seeking a data center incentive agreement in El Paso, with local officials voting on the proposal.
- Meta's data center project in El Paso is confirmed as a long-term investment.
Meta is building a data center in El Paso, funded by a bond sale in Louisiana and facilitated by BlackRock.
8 reports, 4 independent
Updated Jul 31
Gone quiet
- Reports
- 8
- Developments
- 4
- Repetition
- 50%
New informationRepeats or wire copies
AI-generated analysis. Brind wrote this summary from the reports listed below. It can be wrong. Each section says how much you can rely on it, and the sources are linked so you can check.
What happened
Meta is building a data center in El Paso, funded by a bond sale in Louisiana and facilitated by BlackRock.
Who's involved
What this event is mainly aboutHow it developed
Newest first. Tap a step to see who reported it.Morgan Stanley retained for debt offering leadership; BlackRock is the infrastructure funder; Hyperion handled previous bond sale.1 source
Meta and BlackRock form a joint venture for an AI data center campus in El Paso.1 source
BlackRock sold a bond to finance the Meta data center.1 source
Meta's El Paso data center project is backed by a bond sale in Louisiana.1 source
Keep exploring
The entities involved
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Meta
American technology company
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El Paso
city in and county seat of El Paso County, Texas, United States
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Louisiana
state of the United States of America
Related events
- EY flagged Meta's data center structure as a critical audit matter, while Meta tied bonds to the Hyperion campus and managed a take-or-pay obligation with CoreWeave.
- Meta is making major investments in Louisiana, a state that also presents significant opportunities for SpaceX.
- In Louisiana, a data center project for Meta is advancing alongside land sales for Entergy's methane-burning power plant, benefiting from state tax breaks and political office.
Coverage
Newest first; wire copies grouped- ibtimes.co.uk
- proactiveinvestors.comMeta, BlackRock form $14 billion venture to develop AI data center campus in Texas
- chicagotribune.comAI bond binge enters new era of weak demand and sky-high prices
- yahoo.comMeta is naming its multibillion-dollar AI debt deals after different types of fried dough