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Oracle's $18 billion data center debt under pressure, FT reports

Source: reuters.com

Credit & Bond MarketsArtificial IntelligenceCompany Fundamentals
Oracle's $18 billion data center debt under pressure, FT reports

Approximately $18 billion of loans tied to an Oracle-leased New Mexico data center are under pressure, with syndicate banks including Santander and Jefferies quoting the debt at 89-91 cents on the dollar. The discounted loan pricing indicates rising investor concern over the credit quality and financing structure of the data-center project.

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