META seeks new $12B financing for Texas data center at higher borrowing costs · Meta is in talks to raise approximately $12 billion to

META seeks new $12B financing for Texas data center at higher borrowing costs · Meta is in talks to raise approximately $12 billion to finance a Texas data center, with expected yields above 7%. · The financing would price roughly 40 basis points above the company’s $27 billion Hyperion deal completed nine months ago. · The higher yield would increase annual interest expense by about $48 million, while the existing Hyperion bonds currently trade at around 96 cents on the dollar.