FT: Oracle-linked New Mexico data center loans trade near 89-91 cents
Financial Times says about $18 billion in loans tied to an Oracle-leased New Mexico data center are pressured, quoted at 89 to 91 cents on the dollar by syndicate banks including Santander and Jefferies.
About $18 billion in loans tied to an Oracle-leased data center in New Mexico has come under pressure, with syndicate banks, including Santander and Jefferies NYSE:JEF, quoting the debt at 89 to 91 cents on the dollar, the Financial Times reported on Friday. The 1,400-acre "Project Jupiter" campus in New Mexico was cited in the report.