Oct. 21 at 9:59 PM
$OWL BlackRock ETFs Among Biggest Investors in Meta's Giant Data-Center Debt Deal 10/21/25 1:26 PM
BlackRock's exchange-traded funds were among the biggest investors in the
$27 billion private-debt deal backing construction of Meta's data center in Louisiana, highlighting the scale of the AI buildout and its insatiable demand for capital.
BlackRock ETFs bought more than
$3 billion of bonds issued last week to finance the data center, which is called Hyperion, according to disclosures by the funds. The project is 80%-owned by private-credit manager Blue Owl Capital, while Facebook parent Meta owns the remaining 20% stake, according to S&P Global Ratings. The bond sale was arranged by Morgan Stanley.
The deal stood out for its size,the largest private-debt offering ever and for the investment grade it was assigned by S&P.The credit-ratings firm gave the bonds an A+,recognizing Meta's role in backing for the project.But the debt yielded 6.58% at issue, a level more common in junk bonds
