Pimco Said to Weigh $14 Billion Debt Deal for Oracle Data Center

Pacific Investment Management Co. is in talks with Bank of America Corp. to help provide roughly $14 billion of debt financing to build a massive Oracle Corp. data center in Michigan, according to people familiar with the matter.

The deal, if finalized, would make the bond giant a key backer of a campus in Saline Township, where Oracle aims to power applications for OpenAI. The financing could be structured as a bond, and Pimco could syndicate some to other investors, the people said, asking not to be identified describing the confidential talks.

Though the talks with Pimco are still in ...