Oracle $16B Michigan Data Center Financing Closes — Backed by Blackstone and PIMCO for OpenAI Compute

PR Newswire / Bloomberg·high signal

Related Digital and Blackstone closed $16B financing for Oracle's Michigan data center campus ('The Barn'), tied to Oracle's OpenAI partnership. The deal includes $14B in bonds (BofA-led, PIMCO subscribing ~$10B) and ~$2B Blackstone equity, with more than a gigawatt of capacity across three buildings. Construction is underway in Saline Township with 2,500+ union construction jobs and on-schedule delivery to Oracle.