Pimco eyes $14B debt for Oracle data center

Pacific Investment Management Co. is reportedly in discussions with Bank of America Corp. to arrange a substantial debt financing package, estimated at around $14 billion. This funding is intended for the construction of a significant data center facility for Oracle Corp. located in Michigan. The development highlights the increasing demand for robust data infrastructure to support cloud computing and artificial intelligence workloads, with major financial institutions playing a key role in facilitating such large-scale projects. This move underscores Oracle's ongoing expansion in the cloud services sector.