SOFR + TWO FIFTY for this stuff is just bananas lmao
they're essentially funding this stuff for free lmao...
$38B debt offering for Oracle data centers (largest AI infrastructure deal ever)
Texas: $23B
Wisconsin: $15B
That's more than most countries' annual infrastructure budgets. For two buildings.
Key Terms:
> S + 250 bps
> IO during construction
> 4 years + two 1-year extensions
AI infrastructure = different universe

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