Meta is reportedly facing higher borrowing costs for a $12 billion data center financing deal. Investors are seeking significantly higher yields, reflecting increased perceived risk in AI-related financing compared to nine months ago. The project, located in El Paso, Texas, with nearly 1 GW capacity, is planning to issue bonds through a BlackRock special purpose vehicle, with initial yield discussions exceeding 7%. AI
IMPACT Higher financing costs for AI infrastructure could slow down expansion or increase operational expenses for major tech companies.
RANK_REASON Significant funding round for a major tech company's infrastructure. [lever_c_demoted from significant: ic=1 ai=0.7]
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