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Oracle's $18 billion data center debt under pressure, FT reports

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Server networking equipment at the University of Washington in Seattle
File photograph: Server networking equipment at the University of Washington in Seattle. Taylor Vick / Unsplash. Illustrative context, not a photograph of this reported event.

About $18 billion in loans tied to an Oracle-leased data center in New Mexico has come under pressure, with loans quoted at 89 to 91 cents on the dollar by syndicate banks including Santander and Jefferies , the Financial Times reported on Friday.

Read the original report at Reuters.

Sources and context

Reuters

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