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Meta Turns to Private Credit: $29B AI Data Centre Funding Without Wall Street Banks

  • Meta Platforms is seeking $26-$29 billion through private credit facilities from Apollo Global, KKR, Brookfield, Carlyle, and Pimco for its AI superclusters and data centers.
  • This move by Meta signifies a game-changer in capital structuring, impacting founders, CFOs, and private equity sponsors in the tech industry.
  • The use of private credit for funding signals a shift in the capital market, influencing how companies approach financing for large-scale AI and infrastructure projects.
  • Big tech firms like Meta are setting the trend in utilizing private credit for substantial financing needs, reshaping traditional banking reliance for tech ventures.

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