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 (Bloomberg)
Oracle closed a $16B financing package for a Michigan data center, with BofA leading $14B in bond sales, to host compute infrastructure specifically for OpenAI workloads.
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<a href="https://www.bloomberg.com/news/articles/2026-04-25/oracle-data-center-16-billion-financing-gets-over-the-line"><img align="RIGHT" border="0" hspace="4" src="http://www.techmeme.com/260425/i3.jpg" vspace="4" /></a>
<p><a href="http://www.techmeme.com/260425/p3#a260425p3" title="Techmeme permalink"><img height="12" src="http://www.techmeme.com/img/pml.png" style="border: none; padding: 0; margin: 0;" width="11" /></a> <a href="https://www.bloomberg.com/">Bloomberg</a>:<br />
<span style="font-size: 1.3em;"><b><a href="https://www.bloomberg.com/news/articles/2026-04-25/oracle-data-center-16-billion-financing-gets-over-the-line">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></b></span> — A $16 billion financing for a giant Oracle Corp. data center in Michigan has wrapped after months of stop-and-start negotiations with investors.</p>
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