[BlackRock Leads at Least $12 Billion Debt Financing to Support Meta's Texas Data Center Project] BlockBeats News, July 21, according to The Wall Street Journal, BlackRock is leading efforts to raise at least $12 billion in debt financing for Meta's new data center project in El Paso, Texas. BlackRock, along with its infrastructure and private credit divisions, holds an 80% stake in the project, while Meta owns the remaining 20%. The campus is expected to have a capacity of approximately 1 gigawatt. JPMorgan Chase and Morgan Stanley are spearheading this large-scale debt issuance and are reaching out to other potential investors. The structure of this project is similar to Meta's Louisiana data center, where Blue Owl holds an 80% stake in the joint venture, Meta holds 20%, and the construction is supported through debt financing. Additionally, Meta has agreed to lease a large data center project in Shippingport, Pennsylvania, developed by Aligned Data Centers and backed by BlackRock. Over the past year, BlackRock has been expanding its investments in AI data centers, including the $40 billion acquisition of Aligned Data Centers. BlackRock was also one of the primary investors in Meta's $27 billion private debt financing for the Louisiana data center, purchasing over $3 billion in bonds as part of that transaction. [Original Link]