PANews reported on October 24th that, according to people familiar with the matter, several banks are preparing to launch a $38 billion debt offering as early as next Monday to finance Oracle-related data centers. This would be the largest such deal to date for artificial intelligence infrastructure entering the market. People familiar with the matter said JPMorgan Chase and Mitsubishi UFJ are the lead banks in the deal, which is divided into two separate senior secured credit facilities. One $23.25 billion package will finance a data center in Texas, while the other $14.75 billion facility will support a project in Wisconsin. For months, investors have been eager to gain exposure to the AI sector, with banks and private lenders vying to lead the massive debt financing needed to fuel the boom. Meta recently selected Pacific Investment Management Company and Blue Owl Capital to lead a $29 billion debt and equity transaction for its data center expansion in rural Louisiana.PANews reported on October 24th that, according to people familiar with the matter, several banks are preparing to launch a $38 billion debt offering as early as next Monday to finance Oracle-related data centers. This would be the largest such deal to date for artificial intelligence infrastructure entering the market. People familiar with the matter said JPMorgan Chase and Mitsubishi UFJ are the lead banks in the deal, which is divided into two separate senior secured credit facilities. One $23.25 billion package will finance a data center in Texas, while the other $14.75 billion facility will support a project in Wisconsin. For months, investors have been eager to gain exposure to the AI sector, with banks and private lenders vying to lead the massive debt financing needed to fuel the boom. Meta recently selected Pacific Investment Management Company and Blue Owl Capital to lead a $29 billion debt and equity transaction for its data center expansion in rural Louisiana.
$38 billion sets a new record for AI debt financing, Oracle's data center receives epic blood transfusion
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PANews reported on October 24th that, according to people familiar with the matter, several banks are preparing to launch a $38 billion debt offering as early as next Monday to finance Oracle-related data centers. This would be the largest such deal to date for artificial intelligence infrastructure entering the market. People familiar with the matter said JPMorgan Chase and Mitsubishi UFJ are the lead banks in the deal, which is divided into two separate senior secured credit facilities. One $23.25 billion package will finance a data center in Texas, while the other $14.75 billion facility will support a project in Wisconsin. For months, investors have been eager to gain exposure to the AI sector, with banks and private lenders vying to lead the massive debt financing needed to fuel the boom. Meta recently selected Pacific Investment Management Company and Blue Owl Capital to lead a $29 billion debt and equity transaction for its data center expansion in rural Louisiana.
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