Nov. 7 at 8:16 PM
$SMFG $ORCL $BNPQY $GS $MUFG
From Bloomberg:
"Banks Lend
$18 Billion for Oracle-Tied Data Center in New Mexico"
-- Takeaways:
- 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.
- The data center campus in Doña Ana County, New Mexico is part of the Stargate project, which is being spearheaded by OpenAI, SoftBank Group Corp., and Oracle to rapidly invest
$500 billion to build AI infrastructure across the US.
- Pricing is being discussed at 2.5 percentage points over the Secured Overnight Financing Rate, with the maturity expected to be four years, and the option to extend the maturity twice for 12 months at a time.
https://www.bloomberg.com/news/articles/2025-11-07/banks-lend-18-billion-for-oracle-tied-data-center-in-new-mexico
