Banks Lend $18 Billion for Oracle-Tied Data Center in New Mexico

A group of about 20 banks is providing a roughly $18 billion project finance loan to help fund the construction of a data center campus tied to Oracle Corp., marking...

By Paula Seligson, Jeannine Amodeo, Laura Benitez · Bloomberg Markets

A group of about 20 banks is providing a roughly $18 billion project finance loan to help fund the construction of a data center campus tied to Oracle Corp., marking the latest mega debt deal to help bankroll the artificial intelligence boom.