Meta’s deal marks key moment for private credit

Big money: A new Facebook data centre being built in the United States. The biggest technology companies are in an AI arms race now, and they need cash to win. — Reuters

NEW YORK: The heavy hitters of private credit have been waiting for this moment for years.

Major lenders, which often cater to companies with dented credit, talk endlessly about the opportunities in investment-grade debt and in financing the breakneck growth of artificial intelligence (AI).