Pimco is seeking investors to take on its $14 billion debt package tied to Oracle’s $16.3 billion Michigan data center project. The financing features roughly 15% equity funding, including Blackstone’s $2 billion contribution, and long-dated bonds offering about 7.5% yields, roughly 100 basis points above Oracle’s 2040 debt. Blue Owl exited its planned equity role late last year, briefly delaying the anticipated closing around April 17.

Blue Owl will release its first-quarter 2026 financial results on April 30 before market open and host a webcast at 10 a.m. Eastern Time. Participants can join via domestic toll-free number +1 888 330-2454 or international +1 240 789-2714 using conference ID 4153114, and a replay will be archived on the Shareholders section of the company website.