By Davide Barbuscia and Laura Benitez
Publication Date: 2026-04-08 23:11:00
(Bloomberg) — Pacific Investment Management Co. wants to sell some of the $14 billion in debt financing it raised for giant Oracle Corp. provides. (ORCL) data center in Michigan, according to people with knowledge of the matter.
The Saline Township campus will be supported by $16.3 billion in financing, about 15% of which will come in the form of an equity investment, according to the people, who asked not to be named and discussed nonpublic information and the terms of the proposed transaction, provided to Bloomberg News. The rest will be financed through bonds from a special purpose vehicle.
Pimco is the anchor of the financing provided by Bank of America Corp. is directed.BAC) and is expected to close on April 17, according to the terms and conditions. As Bloomberg previously reported, Blackstone plans to contribute about $2 billion in equity capital.
Spokespeople for Pimco and Bank of America declined to comment, while a Blackstone representative did not immediately respond…