Meta tapped Pacific International Management (Pimco) and Blue Owl Capital to help finance its USD 29 bn data center expansion in Louisiana, people familiar with the matter told Bloomberg on Friday. Pimco will contribute USD 26 bn in debt — likely to be issued as investment-grade bonds — while Blue Owl is providing USD 3 bn in equity. Morgan Stanley led the process as Meta’s advisor, and more investors could be added to the plans in a later phase, the news outlet added.

Pilatus halts US deliveries: Swiss aircraft manufacturer Pillatus Pilatus Flugzeugwerke AG has suspended deliveries to the US, citing “massive additional costs” caused by the US tarrifs, Bloomberg reported on Friday citing a statement. This comes a right after President Donald Trump’s 39% tariffs on Switzerland came into effect. The firm is export-dependent, as the US makes up c.40% of Pilatus’ orders every year.

Next steps: Pilatus will be cooperating with customers to send the plans to other markets besides the US, according to the news outlet. The firm is also expediting the construction of its assembly plant in Florida, where aircraft will be built and assembled fully.

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