Global investment giant PIMCO has acquired a substantial stake in one of the largest private debt packages ever assembled, a $27 billion deal set to finance the construction of Meta Platforms’ massive Hyperion data centre campus in Richland Parish, Louisiana, USA.
The financing facilitates a new joint venture between Meta and Blue Owl Capital to develop the essential infrastructure. Under the terms of the venture, Blue Owl takes an 80% ownership stake, with Meta retaining 20%. Funds and accounts managed by Pacific Investment Management Company LLC (PIMCO), one of the world’s foremost fixed-income investment managers, were confirmed as the single biggest purchaser of the Hyperion bonds.
Greenberg Traurig Advises PIMCO on Landmark Transaction
The complex transaction saw global law firm Greenberg Traurig, LLP advise PIMCO in its acquisition role. The firm highlighted the deal’s significance for the burgeoning digital infrastructure sector.
“Greenberg Traurig is proud to assist PIMCO in this milestone transaction, which is among the largest private debt offerings ever completed and could serve as a template for financing data center and AI infrastructure in the future,” said Miami Corporate Shareholder Joshua B. Forman and Chicago Real Estate Shareholder Shawn K. Ronda, who co-led a multidisciplinary deal team of more than 40 Greenberg Traurig attorneys. “The transaction demonstrates PIMCO’s deep expertise in structuring complex financings that meet dynamic borrower needs while creating value for its funds and accounts.“
The core Greenberg Traurig deal team also included Real Estate Shareholder Garin T. Muranaka, Corporate Shareholder Thomas Woolsey, Corporate Of Counsel Guillaume Le Masson, and Corporate Associates Chase Wathen and Ryan Yergensen.
Digital Infrastructure Group Takes Centre Stage
The attorneys involved are key members of Greenberg Traurig’s Digital Infrastructure Group, which specialises in advising clients across the data centre, digital infrastructure, and telecommunications industries globally. The group, leveraging the firm’s presence across 51 locations, comprises over 110 attorneys from multiple practice areas, including Corporate, Energy & Natural Resources, Environmental, and Real Estate.
The firm’s expertise covers a wide range of sector-specific transactions, from hyperscale leasing and joint ventures to debt financings and data centre developments. Greenberg Traurig, LLP itself boasts more than 3,000 lawyers globally and is consistently ranked among top firms in legal industry listings such as the Am Law Global 100, NLJ 500, and Law360 400.
