Big tech companies take the next step in debt financing

Afbeelding van evertonpestana via Pexels
Afbeelding van evertonpestana via Pexels
Earlier this month, Meta announced that it would finance the construction of a new data center through debt issued via an SPV, while Oracle is setting up two debt facilities for two data centers. Investors do not see this move toward more “exotic financing” as a sign of weakness. “In a sense, we’re now seeing big tech applying the same financial discipline that has traditionally been associated with infrastructure and utility companies.”
limited_access.body_anonymous