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Meta Picks Pimco, Blue Owl for $29 Billion Data Center Financing

Meta Platforms Inc. has selected Pacific Investment Management Co. and Blue Owl Capital Inc. to lead a $29 billion financing for its data center expansion in rural Louisiana as the artificial intelligence race heats up, according to people with knowledge of the matter.Pimco is expected to lead a $26 billion debt portion of the financing, while Blue Owl is providing $3 billion of equity, said the people, who asked not to be identified because the discussions are private. The debt portion is likel...

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