Facebook parent Meta has managed to convince private equity firm Blue Owl Capital to finance its 2.2 gigawatt Hyperion datacenter project in Richland Parish, Louisiana.

Meta sealed the deal with the private equity firm on Thursday for roughly $27 billion in debt and 1.5 billion in equity financing, according to a Bloomberg report citing persons familiar with the matter.

The agreement, which was reportedly brokered by Morgan Stanley, will see Meta retain a 20 percent stake in the colossal datacenter project and has been structured in such a way as to keep the debt off of the Social Network's balance sheets.

The debt, which Bloomberg reports will be carried by the financier, is set to mature in 2049 and is said to be fully amortizing. Meta, meanwhile, will be responsible for building, ope

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