21 Oct 2025

"Kirkland & Ellis Advises Blue Owl Capital on $27 Billion Joint Venture with Meta for Hyperion Data Center Development"

"Kirkland & Ellis has advised Blue Owl Capital on a joint venture with Meta Platforms, Inc. to finance the $27 billion development of the Hyperion data center campus in Louisiana. The project will include multiple data center buildings and necessary infrastructure. Meta has also signed lease agreements for the campus facilities. Funding will involve debt issued to PIMCO and other investors through a private securities offering. The legal team involved includes experts in corporate, real estate, capital markets, debt finance, tax, and energy regulatory law."

Kirkland & Ellis advised Blue Owl Capital in a joint venture with Meta Platforms, Inc. for the development of the Hyperion data center campus in Richland Parish, Louisiana. This significant transaction involves financing the approximately $27 billion project, which will include multiple data center buildings along with necessary power, cooling, and connectivity infrastructure. Additionally, Meta has entered into lease agreements for the use of the campus facilities and a residual value guarantee. The capital raised by Blue Owl managed funds will be partially funded through debt issued to PIMCO and select other bond investors via a private securities offering. The Kirkland team comprised a diverse group of lawyers across various practice areas: corporate lawyers Adam Larson, Brittany Sakowitz, Patrick Moneypenny, Shelby Morgan, Markus Wang, and Olga Cosme Toledo; real estate lawyers David Rosenberg, Andy Van Noord, Richard Grossmann, Michael Shultz, Robin Basu, and Adamantia Giannakis; capital markets lawyers Julian Seiguer, Michael Rigdon, Ieuan List, and Brooke Curry; debt finance lawyers Lucas Spivey, Osaro Aifuwa, Will Zakhary, and Ben Wetzel; tax lawyers Mike Beinus, Justin Barbosa, Lora Shub-Brown, and Joe Riddle; and energy regulatory lawyers John Decker and Andrew DeVore.
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