BlackRock Plans $12 Billion Bond Sale for Texas Data Center Financing
BlackRock Inc. is initiating a bond sale exceeding $12 billion to fund a data center in El Paso, Texas. This move underscores the ongoing investment surge in AI infrastructure by technology firms.
Theia Market Signal Identification - AI Assisted
BlackRock Inc. aims to issue over $12 billion in bonds to finance a data center campus in El Paso, Texas. The bonds will be issued through a company that holds BlackRock's 80% stake in Project Sopaipilla Holdings, with Meta Platforms Inc. retaining the remaining 20%.
JPMorgan Chase & Co. and Morgan Stanley are organizing investor calls ahead of pricing expected next week. This financing aligns with a trend of substantial debt offerings as the demand for AI infrastructure grows, reflecting the competitive landscape among technology companies for data center capabilities.
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