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is in talks with the Bank of America to help provide roughly $14 billion of debt financing to build an Oracle data center in Michigan.
PIMCO is negotiating with Bank of America to provide $14 billion in debt for Oracle's Michigan data center.
KEY POINTS
- The financing may be structured as a 144A bond, targeting large institutional investors privately.
- Oracle aims to raise up to $50 billion this year through debt and equity for AI infrastructure.
- Related Digital is separately nearing a $16 billion financing deal for the same Saline Township project.
- Oracle appointed Hilary Maxson as CFO to support its AI and cloud infrastructure expansion.
COMPANIES
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