Pacific Investment Management Co. has entered early-stage negotiations with Bank of America to arrange approximately $14 billion in debt financing for Oracle’s Saline Township data center. This facility is designed to support OpenAI applications and represents one of the largest single-site financing efforts in the data center sector.

The financing is expected to be structured as privately placed 144A bonds, with Pimco syndicating portions to other institutional investors. Related Digital, the developer, will benefit from Blackstone’s planned $2 billion equity infusion to bolster the overall capital stack.

This deal would mark Pimco’s second major data center financing within a year, following an $18 billion structure for Meta’s Hyperion site in Louisiana and generating a $2 billion paper profit as debt prices climbed. The firm is expanding its footprint in private lending for large-scale tech infrastructure.

Oracle has appointed Schneider Electric executive Hilary Maxson as chief financial officer to oversee the company’s escalating development costs and capital requirements. Her mandate includes managing the cash return on colossal projects like Saline Township and future data center expansions.