
Related Digital Nears $16 Billion Financing for Oracle's Michigan Data Center Campus
Bloomberg reported that Related Digital is finalizing approximately $16 billion in financing — roughly $2 billion in Blackstone equity and $14 billion in Bank of America-led debt — for an Oracle data center campus in Michigan, part of the Stargate initiative. If completed, the deal would bring Oracle-linked data center financing to approximately $72 billion across four U.S. sites, after months of negotiation following Blue Owl Capital's December 2025 exit from the project. Oracle's long-dated bonds were already trading at yields more typical of non-investment-grade debt.
