Oracle’s $16B financing for Michigan data center wrapped, Bloomberg says

Oracle’s (ORCL) $16B financing for a giant data center in Michigan has finally wrapped after months of negotiations with investors, Davide Barbuscia, Caleb Mutua, and Natalie Wong of Bloomberg reports. Bank of America (BAC) sold $14B of bonds tied to the project. Pimco bought $10B of the bonds that priced Friday, while other investors bought the remaining debt, people with knowledge of the matter told Bloomberg.