BlackRock Leads $12 Billion Debt Financing for Meta's Massive Texas AI Data Center

BlackRock is spearheading a debt sale of at least $12 billion to fund Meta Platforms' sprawling artificial-intelligence data center campus in El Paso, Texas, according to reports emerging on July 20, 2026. The arrangement, structured around a joint venture in which BlackRock is said to hold roughly 80% and Meta about 20%, marks one of the largest single financing efforts yet tied to the ongoing surge in AI infrastructure spending.