Meta Taps Morgan Stanley, JPMorgan for El Paso Data Center Deal

Meta is arranging financing for an El Paso, Texas data center, totaling about $13 billion. Morgan Stanley and JPMorgan are involved; the post does not disclose debt structure, tenor, or rates. The deal shows Big Tech using debt for AI infrastructure spend.

Why it matters: Bloomberg reports Meta is preparing about $13B in financing for its El Paso data center, enough for HKR-H/K/R. It is not a model or product launch, and debt structure, tenor, and rates are not disclosed, so it stays in the lower featured band.