Oracle’s lenders are close to completing a record US$38 billion loan package for new data centers in Texas and Wisconsin.
JP Morgan Chase, Mitsubishi UFJ Financial Group, and some lenders are still looking to offload less than US$1 billion.
The financing backs campuses being developed by US data center firm Vantage Data Centers under Oracle’s Stargate contract with OpenAI, including a US$23 billion Texas loan and US$15 billion for Wisconsin.
Silver Lake and DigitalBridge have committed US$3 billion in equity, while S&P Global Ratings said Oracle may run free operating cash flow deficits for years as AI infrastructure spending rises.
🔗 Source: Bloomberg
Originally written by: Minh Le
Source: Tech in Asia
Published on: 16 April 2026
Link to original article: Oracle nears record $38b loan for OpenAI data centers
