09:44 AM EDT, 09/09/2025 (MT Newswires) -- (Updates with Pacific Investment's response in the fourth paragraph.)

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.

Pacific Investment declined to comment when reached by MT Newswires, while Meta and Blue Owl did not respond to a request for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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