Kirkland Represents Blue Owl on Joint Venture with Meta to Develop Hyperion Data Center
Kirkland & Ellis advised Blue Owl Capital on a joint venture with Meta Platforms, Inc. to finance the approximately $27 billion development of the Hyperion data center campus in Richland Parish, Louisiana, which will consist of multiple data center buildings and power, cooling and connectivity infrastructure. Along with the JV, Meta entered into lease agreements for use of the campus facilities and a residual value guarantee. A portion of the capital raised by Blue Owl managed funds will be funded by debt issued to PIMCO and select other bond investors through a private securities offering.
Read the transaction press release
The Kirkland team included 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.
