Mark Zuckerberg’s Meta Platforms Inc. is set to seal an almost $30 billion financing package for its data center site in rural Louisiana, marking the final step for the largest private capital deal on record. Blue Owl Capital Inc. and Meta will split ownership of the Hyperion data center site in Richland Parish, Louisiana, with the tech giant retaining just 20% of it, according to people with knowledge of the matter. To finance the build-out, Morgan Stanley arranged over $27 billion of debt and about $2.5 billion of equity into a special purpose vehicle — a structure for large deals that’s becoming increasingly common. The bank started to work on the deal earlier this year, with a flurry of asset managers and infrastructure lenders trying to get their foot in. Pacific Investment Management Co. and Blue Owl eventually won out, Bloomberg reported.

Full report : Meta is set to seal an almost $30B financing package for its Hyperion data center in Richland Parish, Louisiana, with Meta retaining 20% ownership.