JPMorgan Co-Leads $12.5B Bond Deal for Meta AI Data Center

JPMorgan Chase and Morgan Stanley led a $12.5 billion bond sale for BlackRock. Proceeds will finance an AI-focused data center campus for Meta Platforms in El Paso, Texas.

A joint venture structures the financing. BlackRock holds an 80% stake, with Meta owning the remainder. This structure keeps the debt off Meta's balance sheet.

The bond offering attracted $20 billion in orders. This highlights the capital investment required for AI infrastructure and underscores JPMorgan's central role in large-scale financing.