BlackRock Inc. is planning to issue over $12 billion in bonds to finance a data center campus in El Paso, Texas. The transaction is part of a larger trend of debt financing for AI-related infrastructure investments. This move underscores the increasing capital demands of tech companies expanding their artificial intelligence capabilities.
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BlackRock seeks over $12 billion in bonds.
The bonds will help finance a data center campus in El Paso, Texas.
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BlackRock Inc. is looking to sell more than $12 billion of bonds.
BloombergBlackRock Inc. is looking to sell more than $12 billion of bonds to help finance a data center campus in El Paso, Texas, according to people with knowledge of the transaction, the latest in a string of debt deals helping to fund tech companies’ massive investments in artificial intelligence.
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BlackRock Inc. is looking to sell more than $12 billion of bonds.
BloombergThe bonds will help finance a data center campus in El Paso, Texas.
BloombergThis is the latest in a string of debt deals helping to fund tech companies’ massive investments in artificial intelligence.
Bloomberg