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Oracle Data Center Seeks $14B in PIMCO-BofA Talks

April 8, 2026 01:48 PM IST | Written by Neelam Sharma | Edited by Vaibhav Jha

America’s leading investment management firm PIMCO is in talks with Bank of America to facilitate $14 Billion in debt financing to build a new Oracle data center in Michigan.

According to a Bloomberg report, Pacific Investment Management Co. (PIMCO) intends to finance the deal in bonds under rule 144A format, and if negotiations succeed, it can make the firm a key backer of the Saline Township project.

Saline Township in Michigan hosts a massive 1.4 gigawatt AI data center campus being developed by Related Digital for OpenAI and Oracle under Project Stargate.

According to Reuters, PIMCO may also share parts of the loan with other investors to reduce risk. PIMCO has not offered any statement on the ongoing negotiations with Bank of America.

The Oracle data center is being developed as part of the tech giant’s aggressive push into cloud and Artificial Intelligence (AI) infrastructure. However, the rising debt of Oracle has kept investors jittery even as the company axed 30,000 employees globally last week, in a bid to cut costs. In February, the company said it plans to raise up to $50 billion this year through debt and equity.

Also Read: “I Helped AI Learn My Work”: Ex Oracle Employees on the Layoff They Never Saw Coming

Authors

Neelam Sharma

Neelam Sharma is a passionate storyteller, and journalist with over a decade of experience across leading Indian media houses.
Known for her calm presence on screen and powerful storytelling off it, Neelam brings a rare blend of credibility, creativity, and empathy to journalism. Her strength lies in ground reporting and research-driven narratives that connect with the heart of the audience. Whether covering social issues, human-interest features, or breaking news, she combines factual depth with a human touch—making every story not just informative.

Vaibhav Jha

Vaibhav Jha is an Editor and Co-founder of AI FrontPage. In his decade long career in journalism, Vaibhav has reported for publications including The Indian Express, Hindustan Times, and The New York Times, covering the intersection of technology, policy, and society. Outside work, he’s usually trying to persuade people to watch Anurag Kashyap films.