Blackstone (BX) is weighing expanding its financial commitment to Oracle’s (ORCL) data center project in Michigan even as other investors have bristled at the potential risks of such an endeavor, Bloomberg’s Preeti Singh, Dawn Lim, and Paula Seligson report. The alternative asset manager, which was already in discussions to provide equity capital, is also considering a debt investment to help shore up the project’s financing, the authors say, citing people familiar with the mater. Bank of America (BAC) is spearheading a push to raise debt for the site, with an initial goal of $14B, the authors note.
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