Approximately $14 billion: Pacific Investment Management Co. (PIMCO) is in talks with Bank of America to help provide roughly $14B of debt financing to build an Oracle data center in Michigan, Reuters cites Bloomberg. The discussions signal a large project finance package for cloud/data-center infrastructure that would affect credit exposure for the lenders and support Oracle’s capital deployment plans; terms and final commitments remain unconfirmed.
Approximately $14 billion: Pacific Investment Management Co. (PIMCO) is in talks with Bank of America to help provide roughly $14B of debt financing to build an Oracle data center in Michigan, Reuters cites Bloomberg. The discussions signal a large project finance package for cloud/data-center infrastructure that would affect credit exposure for the lenders and support Oracle’s capital deployment plans; terms and final commitments remain unconfirmed.
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