Oracle, Vantage in Talks for $38B Financing to Expand OpenAI Data Center Buildout

A consortium of major banks and lenders is in advanced discussions with Oracle (ORCL) and Vantage Data Centers to provide an additional $38 billion in financing to support the buildout of new data centers serving OpenAI (OPENAI), according to a report from the Financial Times.

The financing package is expected to be finalized within the next several weeks, sources told the publication.

Key Points

Loan Amount: ~$38 billion
Purpose: Fund large-scale data center construction for OpenAI
Partners: Oracle & Vantage Data Centers
Timeline: Expected to close in coming weeks
Market Reaction: ORCL -3% premarket

Growing Concerns Over Oracle’s Debt

Oracle shares fell 3% in premarket trading on Friday as investors expressed renewed concerns about the company's growing debt load, which has ballooned in recent quarters amid its aggressive cloud-infrastructure expansion strategy.

Company Response

Oracle did not immediately respond to a request for comment regarding the reported financing discussions.