PIMCO in Talks to Provide $14 Billion Debt Financing for Oracle’s Massive Michigan Data Center

PIMCO is reportedly in advanced discussions with Bank of America to provide approximately $14 billion in debt financing for Oracle’s new data center campus in Saline Township, Michigan. If finalized, this would be one of the largest single-project financings in the data center space and would position PIMCO as a major backer of Oracle’s aggressive AI infrastructure buildout. Key Details The financing is expected to be structured as bonds, potentially syndicated to other institutional investors. It may be issued under Rule 144A, allowing private placement to large qualified buyers rather than a public offering. This comes as Oracle continues to ramp up its capital spending on AI and cloud capacity, with the company stating in February that it plans to raise up to $50 billion this year throu...