InfraCompute / Deals
Meta El Paso JV (Project Sopaipilla) bonds
Project bond for Meta Platforms, US$12.3bn, July 2026.
Key terms
- Borrower or issuer
- Meta Platforms
- Date
- July 2026
- Structure
- Project bond
- Amount
- US$12.3bn
- Pricing
- IPT c.T+287.5bp; reported final yield c.7.5%As stated in the source below
- Tenor
- Due 2048
What’s notable
A US$12.3bn project bond due 2048 for a joint venture between BlackRock GIP and HPS (80%) and Meta (20%), with JPMorgan and Morgan Stanley as bookrunners. Meta is the tenant. It shows the hyperscaler joint-venture bond being used to keep campus debt off the hyperscaler's balance sheet.
Recorded terms
- Lender type
- Bonds and securitisationsStructure: notes or bonds
- Tenor
- Due 2048
- Lenders and arrangers
- JPMorgan, Morgan Stanley (bookrunners); sponsors BlackRock GIP and HPS (80%), Meta (20%)
- Tenant or offtaker
- Meta
Similar financings
Same structure, other borrowers, closest in date.
More from Meta Platforms
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Sources
- Meta El Paso / BlackRock JV (Project Sopaipilla) bondsSource date: 2026-07
About this record
Compiled from the sources above. Terms are as announced and may have changed since. Methodology · Send a correction.
