BlackRock Eyes More Than $12 Billion Debt for Texas Data Center

BlackRock Inc. is looking to sell more than $12 billion of bonds to help finance a data center campus in El Paso, Texas, according to people with knowledge of the...

By Caleb Mutua, Michael Gambale and Davide Barbuscia · Bloomberg Markets

BlackRock Inc. is looking to sell more than $12 billion of bonds to help finance a data center campus in El Paso, Texas, according to people with knowledge of the transaction, the latest in a string of debt deals helping to fund tech companies’ massive investments in artificial intelligence.