Meta Clinches $30 Billion Financing Deal for Louisiana Data Center Site

Meta Platforms is set to seal a nearly $30 billion finance package for its data center site in Louisiana, the largest private capital deal on record. The site, called Hyperion, will be split between Meta and Blue Owl Capital, with Morgan Stanley arranging the financing. Meta will retain just 20% ownership and will be the developer, operator, and tenant of the project, which is expected to be completed in 2029.

Meta Platforms Inc. (NASDAQ: META) is close to finalizing a $30 billion financing deal for its data center site in rural Louisiana, according to a Bloomberg report. The company will share ownership of the Hyperion data center in Richland Parish, Louisiana, with Blue Owl Capital Inc. Meta will retain a 20% stake in the venture, while the rest will be owned by Blue Owl and other institutional investors. The funding for the site comes from Morgan Stanley, which arranged over $27 billion in debt and about $2.5 billion in equity investments through a special purpose vehicle, according to Coinotag.

The deal is part of Meta's ongoing strategy to expand its data center capacity to support its AI ambitions. The company has been actively acquiring computing capacity and poaching talent to support these initiatives. In addition to the Louisiana project, Meta announced plans to invest $1.5 billion to build a data center in Texas, Bloomberg reported.

The financing structure of the Hyperion project is notable for its off-balance-sheet approach. Meta will act as the developer, operator, and tenant of the project but will not carry the debt directly. This structure allows Meta to preserve its corporate credit profile while enabling significant institutional investment in the data center, Coinotag reported.

The Hyperion deal is one of the largest private-capital infrastructure deals on record, valued near $30 billion. It reflects a broader trend of increasing technology bond issuance, which rose to approximately $157 billion by late September, a 70% year-over-year increase, Coinotag noted.

The Hyperion financing deal is not the only significant announcement in the tech sector. Elon Musk's AI company, xAI, also completed a structured financing round valued at about $20 billion, combining roughly $7.5 billion in equity and around $12.5 billion in debt, Coinotag reported.

Data center operators like Equinix (EQIX) and Digital Realty Trust (DLR) are also set to benefit from strong industry growth drivers, including rising AI inference activity and continued enterprise migration to hybrid multi-cloud environments, according to a Morgan Stanley note. Both companies are expected to see long-term support from these trends, although monetizing their development pipelines will be critical to equity performance.