Meta lines up Morgan Stanley and JPMorgan for 13 billion El Paso data center financing

The lenders are leading a deal worth more than expected

Meta Platforms is reportedly preparing a financing package of about $13 billion for a new data center in El Paso, Texas. Bloomberg News says the effort is led by Morgan Stanley and JPMorgan Chase, citing people familiar with the matter. If finalized, the deal would underline Meta’s continued push to expand infrastructure and capacity across the US.