NEW YORK: Meta has selected investment management firm Pimco and alternative asset manager Blue Owl Capital for a US$29 billion financing deal related to its data centre projects in rural Louisiana, Bloomberg News reported on Thursday.
Pimco is set to lead the US$26 billion debt component of the financing, while Blue Owl will contribute US$3 billion in equity, the report said, citing people familiar with the matter.
The debt portion is likely to be issued in the form of bonds, the report added.
Last month, Meta chief executive officer Mark Zuckerberg said the company would spend hundreds of billions of dollars to build several massive AI data centres for its superintelligence unit, intensifying his pursuit of a technology he has chased with a talent war for top engineers.
The Facebook parent has been working with Morgan Stanley to raise funds, while Apollo Global Management and KKR were also in the running to lead the deal until the closing stage of negotiations, the Bloomberg report added.
Meta, Pimco and Blue Owl declined to comment on the report.
In June, the Financial Times reported that Meta was seeking to raise US$29 billion from private capital firms to build AI data centres in the US, adding that the company was debating how to structure the debt raising and also exploring options to raise even more capital.
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