00:00meta's 29 billion dollar deal marks key moment for private credit the heavy hitters of private
00:07credit have been waiting for this moment for years major lenders which often cater to companies with
00:13dented credit talk endlessly about the opportunities in investment grade debt and in financing the
00:18breakneck growth of artificial intelligence they've done smaller deals but this week they
00:23caught the biggest fish yet a 29 billion dollar financing package for meta platforms incorporated
00:28s massive data center in louisiana that transaction led by pacific investment management company and
00:34blue owl capital incorporated hits all the high notes it's a top-notch business in a hot sector
00:39it disrupts the usual route that companies like meta travel to get money from investors through banks
00:45and it's huge private credit has been itching to get into this space said john medina senior
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