Pacific Investment Management is seeking to sell part of the $14 billion of debt financing it is offering for an Oracle (ORCL) data center in Michigan, Bloomberg News reported Wednesday, citing people with knowledge of the matter.
The Saline Township facility will be backed by $16.3 billion of financing, about 15% of which is set to come from equity investment and the rest from bonds, the unnamed sources told the news outlet.
The financing is expected to close April 17, Bloomberg reported.
Pimco didn't immediately respond to MT Newswires' request for comment.
(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
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