07:37 AM EDT, 09/08/2025 (MT Newswires) -- Meta Platforms ( META ) has selected Pacific Investment Management to lead a $26 billion debt financing to construct a new data center in Louisiana, Bloomberg reported Saturday, citing sources familiar with the matter.

Blue Owl Capital (OWL) will contribute $3 billion in equity to a joint venture that will build and own the facility, while Meta will operate the data center under a 20-year lease, according to the report.

Meta also reached residual value guarantees, under which the tech giant will reimburse investors for potential losses if it terminates the lease early or chooses not to renew and the value of the data center slips below a pre-determined threshold, the report said.

Meta, Pacific Investment, and Blue Owl did not immediately respond to MT Newswires' requests for comment.

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