Meta is financing its $14 billion El Paso AI data center by selling an 80% stake to BlackRock-managed funds while remaining sole operator and leaseholder. The structure appears designed to move infrastructure assets off Meta's balance sheet. Bond funding faced weaker demand than expected. https://www.implicator.ai/blackrock-takes-80-of-metas-14-billion-el-paso-ai-data-center/ #AI #Infrastructure #Finance
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