Meta-Tied Data Center Taps US Junk Bonds for the First Time
Source: Bloomberg ·
CleanSpark Inc. is seeking to borrow roughly $2.23 billion through a junk-bond offering to fund artificial intelligence infrastructure tied to Meta Platforms Inc..
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(Bloomberg) -- CleanSpark Inc. is seeking to borrow roughly $2.23 billion through a junk-bond offering to fund artificial intelligence infrastructure tied to Meta Platforms Inc.. Fed Raises Rates to Curb Inflation, Drawing Rebuke From Trump Zuckerberg Has an AI Empire to Build. Meet the Adviser Who Handles the Details Saudis Seek to Resume Half of Key Oil Pipeline Within Days EU Proposes Canada Become the Bloc's First 'Associate Member' Stocks Fall as Fed Hikes and Signals More to Come: Markets Wrap The five-year notes will help finance construction of a data center in Sandersville, Georgia, according to a regulatory filing. Morgan Stanley is leading the offering, said a person familiar with the matter, asking not to be identified because they are not authorized to speak publicly. The Sandersville facility has been fully leased to Anviran LLC, a Meta subsidiary, under a $6.6 billion, 20-year contract, according to a CleanSpark presentation. Meta will serve as the guarantor of rent…