BlackRock Leads More Than $12 Billion Debt Sale to Fund Meta's Texas AI Data Center

BlackRock is spearheading a debt sale of more than $12 billion to finance a roughly 1-gigawatt Meta Platforms data center campus in El Paso, Texas, marking one of the largest single financings yet tied to the artificial-intelligence buildout. The transaction, tied to a project known as Sopaipilla, underscores how the world's largest asset manager has reshaped itself into a force in private markets under Chief Executive Larry Fink.