Pimco Seeks to Sell Parts of $14 Billion Oracle Data Center Debt

Pacific Investment Management Co. is looking to sell a portion of the $14 billion of debt financing it’s providing for a massive Oracle Corp. data center in Michigan, according to people with knowledge of the matter.

The campus in Saline Township will be backed by $16.3 billion of financing, roughly 15% of which is set to come in the form of an equity investment, according to the people, who asked not to be named discussing non-public information, as well as terms of the proposed transaction seen by Bloomberg News. The remainder will be financed with bonds issued by a special purpose vehicle.