By Khac Phu Nguyen
Publication Date: 2026-01-29 16:11:00
This article first appeared on GuruFocus.
Blackstone (NYSE:BX) Is Weigh whether you should continue to focus on financing an Oracle (NYSE:ORCL) data center project in Michigan, although market volatility has made some investors more cautious. People familiar with the discussions say the alternative asset manager, which is already negotiating to provide equity, is also considering a debt investment to help capitalize the project. Bank of America is leading the effort to raise debt for the Saline Township site, with an initial target of $14 billion as the financing process moves toward completion.
Scrutiny of the project has increased since Oracle confirmed last month that Blue Owl Capital, a partner in some of its other AI infrastructure efforts, would not contribute equity to the development. Oracle’s shares have fallen in recent months and the cost of insuring its debt against defaults has risen, factors that have led some potential backers to question whether the original…
