Banks Prepare $38B Debt Deal to Fund Oracle’s AI Data Center Expansion
JPMorgan Chase & Co. and Mitsubishi UFJ Financial Group are leading a $38 billion debt financing package to support Oracle Corp.'s artificial intelligence infrastructure push. The deal, structured as two senior secured credit facilities, marks the largest AI-related financing to hit the market.
A $23.25 billion tranche will fund a Texas data center, while $14.75 billion is allocated for a Wisconsin facility. Vantage Data Centers is constructing both sites, which Oracle will lease to host OpenAI workloads as part of its $500 billion 'Stargate' AI infrastructure initiative.
The financing consortium includes Wells Fargo, BNP Paribas, Goldman Sachs, and Societe Generale. This capital injection accelerates the race to build hyperscale computing capacity for generative AI applications, with traditional financial institutions now bankrolling tech giants' infrastructure arms race.
