Pacific Investment Management Co. (PIMCO) is looking to sell part of the $14
billion in debt it’s providing for Oracle’s $16.3 billion data center project in
Saline Township, Michigan. About 15% of the financing will be equity, with the
rest funded through bonds issued by a special purpose vehicle. PIMCO is
anchoring the financing, led by Bank of America, with a closing date set for
April 17. Blackstone is contributing $2 billion in equity. Oracle hailed the
progress in financing and development of the center.
