Related Digital is finalizing $16B in financing for an Oracle (ORCL) data center in Michigan to support OpenAI workloads, following months of negotiations amid heightened Wall Street scrutiny of AI-driven debt spending, Bloomberg’s Dawn Lim, Paula Seligson, and Brian Eckhouse report. The package includes roughly $2B in equity from Blackstone (BX) and about $14B in debt led by Bank of America (BAC), now expected to involve a bond issuance, with closing anticipated as soon as this month, according to people familiar with the matter.
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