# Banks including JPMorgan Chase struggled for months to spread the risk of billions of dollars in loans they made to build data centers leased to Oracle in Texas and Wisconsin.

*genai · news · 2026-04-24 · Hindustan Times*

## Key points

- Banks struggled to syndicate billions in loans for Oracle data centers due to exposure limits.
- Crusoe leased a Texas data center to Microsoft instead of Oracle after lenders balked at further Oracle exposure.
- Oracle faces additional cash funding needs exceeding $100 billion for 2027 and early 2028.
- Oracle’s lower credit rating and reliance on OpenAI have driven its bond insurance costs up fourfold since September.
- Some lenders shifted to bond financing, with Pimco buying a large portion of a Michigan Oracle data center deal.

**Companies:** Oracle, Microsoft, JPMorgan Chase, Google, Meta, OpenAI, Crusoe, Vantage Data Centers, Stack Infrastructure, Related Digital
**Countries:** United States

[Read the full story on Hindustan Times](https://www.hindustantimes.com/technology/oracles-deluge-of-ai-debt-pushes-wall-street-to-the-limit-101777017229923.html)

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