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A $16B financing for a giant Oracle data center in Michigan has closed, with BofA selling $14B in bonds; Oracle plans to use the campus to power apps for OpenAI

A $16 billion financing for a giant Oracle Corp. data center in Michigan has wrapped after months of stop-and-start negotiations with investors.

Bloomberg

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  • @edzitron.com Ed Zitron on bluesky
    This is getting discussed way way way too much.  No other Oracle data center debt deal has been so eagerly announced.  I am sure this is Oracle trying to signal to the market it isn't having trouble when it absolutely is [embedded post]