Tags: Financing

Meta Platforms has teamed with Morgan Stanley and JPMorgan Chase to arrange roughly $13 billion in financing—primarily debt—for its El Paso, Texas, artificial‑intelligence data center. The package, tied to a projected 1‑gigawatt facility slated to open in 2028, would rank among the largest single‑site digital‑infrastructure financings ever assembled. The move reflects Meta’s expanding 2026 capital‑expenditure plan and signals strong credit‑market appetite for AI‑related projects. Read more

SoftBank has obtained an unsecured $40 billion loan to help finance its $30 billion commitment to invest in OpenAI, part of the AI firm’s record‑breaking $110 billion fundraising round. The loan, provided by JPMorgan Chase, Goldman Sachs and four Japanese banks, carries a 12‑month term that must be repaid or refinanced by next year. Analysts view the financing as a signal that lenders expect OpenAI’s anticipated public listing to occur later this year, which could provide SoftBank the liquidity needed to settle the debt. The new investment brings SoftBank’s total stake in OpenAI to over $60 billion. Read more