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Banks prepare $38B of debt for data centers tied to Oracle, Bloomberg says

JPMorgan Chase & Co. (JPM) and Mitsubishi UFJ Financial Group (MUFG) are leading an approximately $38B debt package to fund data centers connected to Oracle (ORCL) in Wisconsin and Texas, Bloomberg’s Scott Carpenter, Jeannine Amodeo, and Brody Ford report, citing people familiar with the matter. Several banks had already committed to financing a $23B loan for the campus in Shackelford County, Texas. That loan is part of the broader debt deal, the authors note.

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