BLACKROCK AMONG BIGGEST INVESTORS IN META'S GIANT DATA-CENTER DEBT DEAL

Summary from the TLDR AI newsletter

Meta and private-credit firm Blue Owl raised $27 billion to finance the buildout of a data center in Louisiana. BlackRock was one of the biggest investors in the deal. It purchased more than $3 billion in bonds last week to finance the deal. The project is 80% owned by Blue Owl, with Meta owning the remaining stake. The deal is the largest private-debt offering so far.