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to help provide roughly $14 billion of debt financing to build a massive Oracle Corp.
PIMCO is negotiating with Bank of America to provide $14 billion in debt financing.
KEY POINTS
- The financing is intended for an Oracle data center campus in Saline Township, Michigan.
- Oracle's new data center aims to support applications for OpenAI.
- PIMCO may structure the financing as a bond and syndicate portions to other investors.
COMPANIES
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