Oracle Seeks $14B 144A Financing for Michigan Data Center, Names New CFO
PIMCO is negotiating $14 billion in 144A debt financing with Bank of America to fund Oracle’s Michigan Saline Township data center build-out, potentially syndicating portions to other investors. Oracle has appointed Hilary Maxson as CFO to oversee capital spending and margin management as cloud infrastructure and AI projects expand.
1. PIMCO Talks $14 Billion Michigan Data Center Financing
Pacific Investment Management Co. is in discussions with Bank of America to provide roughly $14 billion in 144A debt financing for Oracle’s Saline Township, Michigan, data center project. The financing could be structured as a private bond offering with syndication to other institutional investors, supporting Oracle’s AI and cloud infrastructure scale-up.
2. New CFO Hilary Maxson to Manage Cloud and AI Investments
Hilary Maxson, formerly executive vice president and group CFO at Schneider Electric, has been appointed Oracle’s chief financial officer. Maxson will oversee capital allocation, spending controls and margin performance as Oracle accelerates its cloud infrastructure and artificial intelligence expansion.