Banks lend $18 billion for Oracle-tied data center project, Bloomberg News reports

Core Insights - A consortium of approximately 20 banks is providing a project finance loan of about $18 billion to support the construction of a data center campus linked to Oracle in New Mexico [1] Group 1 - The loan amount of $18 billion indicates significant financial backing for the data center project [1] - The involvement of around 20 banks suggests a collaborative effort in financing large-scale infrastructure projects [1] - The project is strategically linked to Oracle, highlighting the tech company's expansion and investment in data center capabilities [1]