The $12.5B financing, oversubscribed by $273M, highlights robust demand for Meta-backed infrastructure debt.
BlackRock finalized a $12.5B bond offering to fund Meta Platforms’ Texas data center, closing the deal after a week-long marketing period. The financing, structured via a special-purpose vehicle, exceeded initial targets by $273M, reflecting strong investor appetite.
The $12.5B total surpasses the originally marketed amount, signaling confidence in large-scale data center projects despite broader market volatility. Meta’s expanding infrastructure investments have drawn increasing attention from fixed-income investors seeking long-term yields.
No immediate market reaction was disclosed, though the oversubscription may influence future tech-driven bond issuances.