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PIMCO Negotiates $14 Billion Debt Deal for Oracle's AI Expansion

4/8/2026

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Summary

Story summary

Pacific Investment Management Co. (PIMCO) is negotiating with Bank of America for $14 billion in debt financing for an Oracle data center in Saline Township, Michigan.
The deal could position PIMCO as a significant supporter of the project.
Oracle aims to raise up to $50 billion this year through debt and equity to expand artificial intelligence infrastructure.
The financing may be structured as a private bond sale to institutional investors.

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Story summary

Pacific Investment Management Co. (PIMCO) is negotiating with Bank of America for $14 billion in debt financing for an Oracle data center in Saline Township, Michigan.
The deal could position PIMCO as a significant supporter of the project.
Oracle aims to raise up to $50 billion this year through debt and equity to expand artificial intelligence infrastructure.
The financing may be structured as a private bond sale to institutional investors.