Richmond Parish, Louisiana, October 16, 2025- Meta is close to securing a USD 30 billion financing package deal to build its massive Hyperion data centre campus in Louisiana, in what could become one of the largest privately arranged funding deals ever by a U.S. tech company.
According to the sources, the financing, yesterday, is being structured through a special purpose vehicle (SPV) with Morgan Stanley leading the arrangement. The deal includes USD 27 billion in debt and around USD 2.5 billion in equity, involving major investors like Blue Owl Capital and PIMCO.
Meta will keep about 20 percent ownership in the SPV, while its private investment partners will hold the rest. The Hyperion project, based in Richland Parish, Louisiana, will be built in several phases through the late 2020s, showing Meta’s growing focus on AI-ready infrastructure.
“Meta’s expansion in Louisiana highlights both the scale and the financial creativity driving today’s AI-focused infrastructure,” said Michael Rees, co-CEO of Blue Owl Capital. “Private credit markets are stepping up to fund long-term, high-impact projects that traditional financing models often can’t support.”
The Hyperion campus, first announced in 2023, is designed to handle Meta’s rising demand for AI training and inference workloads. Public filings describe a multi-million-square-foot facility that will connect to Entergy’s renewable-integrated grid, supported by new substations and high-voltage links.
Meta hasn’t shared exact operational dates yet, but state officials expect the site’s full buildout between 2028 and 2029. The Louisiana Department of Economic Development said the project could create thousands of construction jobs and help make the region a southern U.S. hub for large-scale digital infrastructure.
In August 2025, Reuters had already reported Meta’s plan to work with Blue Owl and PIMCO on a USD 29 billion financing proposal, which laid the groundwork for this final deal.
This transaction puts Meta among a select group of tech giants using private-market funding for large-scale AI data centres, a growing trend as companies race to expand computing capacity and improve energy efficiency for the AI era.
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