Big money: A new Facebook data centre being built in the United States. JPMorgan estimates there will be roughly US$150bil of permanent financing needs related to data centres in 2026 and 2027 combined, according to an August report. — Reuters
CALIFORNIA: Meta Platforms Inc, turning to lenders to secure US$26bil in debt funding for construction of a sprawling new data centre, is fuelling a heated bidding war for the deal by agreeing to a special guarantee on the Louisiana complex.
The financing is being run through a complex arrangement that keeps the debt off of Meta’s books and frees up its balance sheet as it pursues an aggressive push into artificial intelligence.
