00:00It's Benzinga, bringing Wall Street to Main Street.
00:02BlackRock is leading a debt sale, seeking at least $12 billion to finance a new Meta-backed data center project
00:09in El Paso, Texas, according to the Wall Street Journal.
00:12BlackRock and its infrastructure and private credit arms own 80% of the project, while Meta owns 20% and
00:19will use the facilities.
00:21The complex is expected to provide about 1 gigawatt of capacity.
00:25JPMorgan Chase and Morgan Stanley are leading the debt sale and contacting potential investors.
00:31BlackRock invested more than $3 billion in the record $27 billion private debt deal financing Meta's Louisiana Data Center last
00:39year.
00:39For all things money, visit Benzinga.com.
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