Group 1 - Meta Platforms, Inc. (NASDAQ:META) is recognized as one of the 13 best Fortune 500 stocks to invest in currently, driven by significant hedge fund interest [1] - The company is planning to finalize a nearly $30 billion financing package for its Hyperion data center project in rural Louisiana, marking the largest private capital deal on record [2] - The financing structure includes over $27 billion in debt and approximately $2.5 billion in equity, with Meta retaining a 20% stake and Blue Owl Capital holding the remainder [3] Group 2 - The Hyperion data center project reflects Meta's ambition to expand its AI infrastructure amid competition among hyperscale cloud providers [4] - Meta Platforms, Inc. enables social connections and media content sharing globally through various platforms, including mobile devices, PCs, and virtual reality headsets [4]

Core Viewpoint - Meta Platforms, Inc. has entered into a joint venture with funds managed by Blue Owl Capital to develop and operate the Hyperion data center campus in Richland Parish, Louisiana, with a total development cost of approximately $27 billion [3][4]. Group 1: Joint Venture Details - The joint venture will see Blue Owl Capital owning an 80% interest, while Meta retains 20% ownership [3]. - Blue Owl Capital contributed approximately $7 billion in cash to the joint venture, and Meta received a one-time distribution of about $3 billion [4]. - Meta will provide construction and property management services for the project, leveraging its 15 years of experience in data center operations [2]. Group 2: Strategic Importance - This partnership aims to support Meta's long-term AI ambitions and enhance the speed and flexibility of its data center projects [2]. - The project is expected to create over 500 operational jobs once completed, with thousands of construction workers currently on site [5]. Group 3: Financial and Operational Structure - Meta has entered into operating lease agreements with the joint venture for the use of the facilities, with an initial term of four years and options to extend [5]. - To manage financial flexibility, Meta provided a residual value guarantee for the first 16 years of operations, which includes capped cash payments based on the campus's value under certain conditions [6]. Group 4: Advisory and Legal Support - Morgan Stanley & Co. LLC acted as the exclusive financial advisor to Meta for this transaction, while Latham & Watkins LLP provided legal counsel [7].