Greenberg Traurig Represents PIMCO in Massive Debt Financing Deal for Hyperion Data Center Project

NEW YORK - Oct. 24, 2025 - Global law firm Greenberg Traurig, LLP represented funds and accounts managed by Pacific Investment Management Company LLC (PIMCO) in acquiring a significant portion of a $27 billion private-debt package that will finance the development of Meta Platforms' Hyperion data center campus in Richland Parish, Louisiana.

Meta and Blue Owl Capital entered into a joint venture to develop the data center campus, with Blue Owl owning 80% of the venture and Meta holding 20%. PIMCO is one of the world's leading fixed-income investment managers, and PIMCO funds were the biggest buyer of the Hyperion bonds.

"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.

The attorneys are members of Greenberg Traurig's Digital Infrastructure Group, which serves clients in the data center, digital infrastructure, and telecommunications industries. Leveraging the firm's global platform, the group comprises more than 110 attorneys from multiple practice areas worldwide, including Corporate, Energy & Natural Resources, Environmental, and Real Estate, to advise clients on a wide range of transactions, from hyperscale leasing and data center developments to land acquisitions and joint ventures.