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.