Meta is finalising a near $30 billion financing package for its Louisiana data centre, earmarked for AI infrastructure. This represents the largest private capital deal to date. The Hyperion data centre in Richland Parish will be co-owned by Meta and Blue Owl Capital, with Meta retaining a 20% stake. Meta will manage the facility, expected to be completed by 2029.
The financing involves over $27 billion in debt and $2.5 billion in equity, arranged via a special purpose vehicle by Morgan Stanley. PIMCO is the anchor lender for the bonds. The 4 million square foot complex will deliver 2 gigawatts of compute capacity, with a potential draw of 5 gigawatts at full capacity.
This investment forms part of Meta's broader strategy to expand its AI capabilities, including recent investments in a Texas data centre. The Louisiana facility is seen as crucial for training future open-source models.
