BlackRock BLK -0.28%decrease; down pointing triangle is leading a debt sale targeting at least $12 billion for its massive new El Paso data-center project backed by Meta Platforms META 0.26%increase; up pointing triangle, people familiar with the matter said.
The world’s largest investment firm, along with its infrastructure and private-credit arms, owns an 80% stake in the Texas data-center project, while Meta Platforms, which will use the data centers, owns the other 20%.
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