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The Creative Dealmaking Behind Meta’s $30 Billion Data Center Financing
The company satisfied regulators, accountants and investors in its quest to raise billions but keep its financials unscathed.
It took a year and some financial acrobatics, but Meta Platforms and a small army of bankers and lawyers were able to secure funding for a $27 billion data center project without doing any immediate damage to the company’s finances. A private letter from the Securities and Exchange Commission helped seal the deal.
How Meta and Morgan Stanley pulled off the fundraising, and whether other companies racing for dominance in artificial intelligence will be able to match their feat, will potentially shape one of the biggest investment booms in history. Meta’s deal is one of several expected in the coming months to raise tens of billions of dollars for giant data center projects.