IndustryYahoo Finance / Bloomberg|April 7, 2026
Pacific Investment Management Co. is in early talks with Bank of America to provide roughly $14 billion in debt financing for Oracle's data center in Saline Township, Michigan. The campus is tied to OpenAI workloads.
- Deal would be structured in 144A format, with bonds sold privately to qualified institutional buyers
- Blackstone is expected to contribute an additional $2 billion in equity
- Related Digital is leading the project development
- PIMCO has form here: it held $18 billion of debt in Meta's Hyperion data center financing and recorded a $2 billion paper gain as valuations rose
- Oracle has $38 billion in debt tied to data center projects in Texas and Wisconsin, plus another $18 billion for a New Mexico facility







