Oracle-Tied $38 Billion Debt Takes Months To Spread Across The Market

JPMorgan Chase and Mitsubishi UFJ Financial Group led a record $38 billion loan package to fund Oracle’s new data center projects, marking one of the largest corporate debt deals in recent history. The financing supports Oracle’s expansion in Texas and Wisconsin, where it plans to build advanced data centers, likely tied to cloud computing and AI infrastructure demands. The debt’s absorption took months, signaling cautious market sentiment amid high interest rates and economic uncertainty, despite Oracle’s strong enterprise tech position. Analysts note the deal’s size tests lenders’ risk appetite, as tech infrastructure loans grow alongside AI-driven demand for hyperscale data centers. The move underscores Oracle’s aggressive push into cloud services, competing with AWS and Microsoft Azure, while banks bet on long-term returns from AI and quantum-ready infrastructure.