Banks sell US$3bil debt for Meta’s data centre


The general syndication of the loans for the data centre building as well as related power assets is structured in a single transaction. — Bloomberg

NEW YORK: A group of banks including Natixis SA, Mitsubishi UFJ Financial Group Inc and Societe Generale SA have started selling US$3bil of loans for a data centre in Ohio backed by Meta Platforms Inc, the latest deal supporting the buildout of artificial intelligence (AI) infrastructure.

The general syndication of the loans for the data centre building as well as related power assets is structured in a single transaction, according to sources.

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