Meta Raising $13 Billion SPV For Texas Data Center As Its CDS Hits Record

Meta Raising $13 Billion SPV For Texas Data Center As Its CDS Hits Record Back in January, just days before the latest private crash swept across markets, we reminded readers that one of the biggest abusers of private credit SPVs was none other than Meta which as of 2025 was "already neck deep in off-balance sheet debt." We then showed a schematic of its $27.3 billion SPV with private credit ground zero - Blue Owl - titled "Project Beignet", which was created for Meta's Hyperion dat...