Banks Arrange Record $38B Debt Financing for Oracle-Tied AI Data Centers

Deal Summary

Banks are preparing a $38 billion senior secured debt financing to fund two Oracle-related AI data center projects developed by Vantage Data Centers for Oracle’s partnership with OpenAI under the Stargate initiative. The facilities — $23.25B for Texas and $14.75B for Wisconsin — feature four-year maturities with extension options and are aimed at supporting Oracle’s broader AI infrastructure push.