PIMCO weighs $14 billion debt deal for Oracle's Michigan data center, Bloomberg News reports


Ticker and trading information for Pacific Investment Management Co. (PIMCO) are displayed on a screen at the New York Stock Exchange (NYSE) in New York, U.S., April 5, 2018. REUTERS/Brendan McDermid/File Photo

April 7 (Reuters) - Pacific Investment ⁠Management Co. is in talks with the Bank of America ⁠to help provide roughly $14 billion of debt financing to ‌build an Oracle data center in Michigan, Bloomberg News reported on Tuesday, citing people familiar with the matter.

If finalised, the deal could make PIMCO a key backer of ​the Saline Township campus, the Bloomberg report ⁠said. The financing could ⁠be structured as a bond and the U.S. investment manager could syndicate ⁠some ‌to other investors.

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