Meta Platforms is arranging a financing package exceeding $13 billion for a new AI data center in El Paso, Texas, with Morgan Stanley and JPMorgan Chase leading the deal.

The financing signals a broader trend of large tech firms funding AI infrastructure through debt, reflecting an intensified race to scale data centers for AI workloads.

The El Paso project targets about 1 gigawatt of capacity and is planned to open in 2028; Meta has boosted its investments in this area to about $10 billion in recent months.

Disclaimer and legal boilerplate note that information is for reference, not investment advice, commonly attached to the reporting platform.

Market interpretation shows confidence in Meta hitting its stock-price target despite debt concerns, indicating a nuanced view of risk and probability.

The report describes high-level negotiations and financing intent but does not disclose detailed terms or timelines for the deal.

The deal serves as a signal to credit markets that demand for AI-infrastructure debt remains broad enough to absorb large financings, even amid questions about capex moderation and lease rate trends.

The reporting team credited includes Milani Vinn, Mihika Sharma, and Carlos Mendez, with Rashmi Aich as editor.

Bloomberg News, cited by Reuters, has reported that most of the financing is expected to be debt with a minority in equity.

This debt-leaning structure aligns with Bloomberg’s reporting and was echoed in coverage by Fortune India.

Context includes references to market instruments and prediction markets tracking Meta’s stock trajectory alongside AI infrastructure financing news.

Representatives from Meta, Morgan Stanley, and JPMorgan did not comment outside regular business hours when contacted by Reuters.