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● LIVE Updated 56m ago · 19 sources tracked

Oracle's $18 billion data center debt under pressure, FT reports

Oracle's $18 billion in loans for AI data centers, known as Project Jupiter, are under market pressure and trading between 89 and 91 cents on the dollar. The Financial Times reports the debt is under strain due to local pushback and project concerns. Syndicate banks, including Jefferies and Santander, are reportedly struggling to distribute the debt as syndication efforts have stalled. Co-CEO Clay Magouyrk has acknowledged that the AI data center buildout is facing delays, stating that expecting everything to stay on schedule is a "bad plan."

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⚡ Key Developments & Real-Time Context
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  • ✓ Oracle's Project Jupiter data center loans totaling $18 billion are trading at 89 to 91 cents on the dollar.
  • ✓ Co-CEO Clay Magouyrk stated that the AI data center buildout is running into delays.
  • ✓ Oracle's senior notes and other long-term borrowings had an estimated fair value of $105.7 billion on August 31, 2026.
  • ✓ The Project Jupiter loans are linked to data center projects in New Mexico.
🛡️ Source Corroboration: 19 independent reporting domains (90% confidence) ⏱ Read time: ~2 min

What changed

Recent reports reveal that Project Jupiter loans are trading at a discount and syndicate banks are unable to sell off their holdings.

Live updates

  1. Oracle's $18 Billion Project Jupiter Debt Trades at Discount

    Oracle's $18 billion in loans for AI data centers, known as Project Jupiter, are under market pressure and trading between 89 and 91 cents on the dollar. The Financial Times reports the debt is under strain due to local pushback and project concerns. Syndicate banks, including Jefferies and Santander, are reportedly struggling to distribute the debt as syndication efforts have stalled. Co-CEO Clay Magouyrk has acknowledged that the AI data center buildout is facing delays, stating that expecting everything to stay on schedule is a "bad plan."

    Why it matters

    The loans fund data center expansion in New Mexico to support AI growth. This development highlights broader financing pressures within AI infrastructure chains. Market analysts note the gap between these project loans and Oracle's senior notes, which were valued at roughly 84.6 cents on the dollar as of August 31, 2026.

    What is confirmed

    • Oracle's Project Jupiter data center loans totaling $18 billion are trading at 89 to 91 cents on the dollar.
    • Co-CEO Clay Magouyrk stated that the AI data center buildout is running into delays.
    • Oracle's senior notes and other long-term borrowings had an estimated fair value of $105.7 billion on August 31, 2026.
    • The Project Jupiter loans are linked to data center projects in New Mexico.

    Still unconfirmed

    • Syndicate banks including Santander and Jefferies are holding more project debt than planned because sales have stalled.
    • Local pushback is a primary cause of the strain on the $18 billion debt.

    What to watch next

    • Updates on the progress of New Mexico data center construction
    • Further statements from Oracle regarding the stalled loan syndication
    • Changes in the trading price of Project Jupiter debt
    Sources used for this update (20)
    1. Reuters — Oracle's $18 billion data center debt under pressure, FT reports
    2. Investing.com — Oracle data center debt comes under pressure amid project concerns - FT
    3. Financial Times — Oracle’s $18bn data centre debt under strain amid local pushback
    4. Yahoo Finance — Oracle’s AI Data Center Buildout Is Running Into Delays — Co-CEO Clay Magouyrk Says Betting on Everything Going on Time Is a ‘Bad Plan’
    5. FourWeekMBA — Oracle's Project Jupiter Debt Is Quoted Below Par — and the Stalled Syndication Is the Real Signal
    6. 富途牛牛 — Oracle's $18 billion AI loan faces sluggish distribution at a discount, highlighting pressures in AI financing chains
    7. Finimize — Oracle’s $18 Billion New Mexico Data Center Loans Hit A Speed Bump
    8. TechStock² — Oracle Stock Faces Monday Test as $18 Billion Data-Center Loans Slip to 89–91 Cents
    9. TradingKey — Oracle Stock Price Forecast: $18 Billion Data Center Loan Deeply Discounted, Will ORCL Continue to Fall?
    10. AD HOC NEWS — Oracle Corp stock slips as $18 billion AI data-center loans trade at a steep discount
    11. Coinpaper — What Does It Mean When Orcale $18B AI Loan Trades at 89 Cents?
    12. CryptoRank — Oracle’s $18B Project Jupiter Loan Is Flashing a Warning From the Credit Market
    confidence 90%
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