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Oracle Secures $16.3 Billion Funding for Michigan Data Center, Backed by PIMCO

Oracle has finalized a $16.3 billion financing deal for a single data center campus in Saline Township, Michigan — marking the largest technology debt package ever for a single facility. The bond was primarily anchored by PIMCO, which committed about $10 billion, as U.S. banks stepped back due to concerns over the future demand for AI infrastructure. This deal is part of a broader $72 billion financing effort by Oracle.

The Next Web
The Next Web