Report: Oracle's data center will issue a record $38 billion in debt
According to informed sources, several banks are preparing to issue $38 billion in bonds as early as Monday to fund data centers related to Oracle Corporation. This will be the largest transaction in the public trading of artificial intelligence (AI) infrastructure. The leading banks for the transaction include JP Morgan and Mitsubishi UFJ Financial Group. The deal involves two separate senior secured credit facilities, with $23.25 billion allocated to fund a data center in Texas and an additional $14.75 billion for a project in Wisconsin. Vantage Data Centers is developing both data centers, which Oracle will use to power OpenAI. (Bloomberg)
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