Meta Platforms Inc. (NASDAQ:META) is nearing a $30 billion financing deal for its Hyperion data center in Richland Parish, Louisiana, which would be the largest private capital raise on record, according to a report published on Friday.

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Blue Owl, Meta To Share Ownership

Blue Owl Capital Inc. (NYSE:OWL) and Meta are sharing ownership of the Hyperion data center site, with the California-based tech giant retaining a 20% equity stake, Bloomberg reported, citing sources.

Morgan Stanley (NYSE:MS) is structuring the deal with more than $27 billion in debt and approximately $2.5 billion in equity through a special purpose vehicle, according to Bloomberg.

Pacific Investment Management Co. (Pimco) is the anchor lender, the report said.

Meta, Morgan Stanley, Pimco, and Blue Owl did not respond to Benzinga‘s request for comment.

The bonds were priced on Thursday under the Rule 144A format and are set to ...