06:57 AM EDT, 09/05/2025 (MT Newswires) -- JPMorgan Chase ( JPM ) and Mitsubishi UFJ Financial Group ( MUFG ) are spearheading a roughly $38 billion debt package to finance AI-focused data centers in Texas and Wisconsin for Oracle (ORCL), Bloomberg reported Friday, citing people familiar with the matter.

The report said several banks had already committed to financing a $23 billion loan for the campus in Shackelford County, Texas.

Both the planned Wisconsin and Texas campuses will be developed by Vantage Data Centers to support Oracle's expanded partnership with OpenAI, sources told Bloomberg.

OpenAI has agreed to lease 4.5 gigawatts of new capacity from Oracle, Bloomberg said. It added that while Oracle's use of the Texas site is confirmed, talks for the Wisconsin location are still ongoing, citing sources.

The loan is expected to be priced around 2.5% above the US benchmark and later sold to loan investors and private credit funds, according to the report.

JPMorgan ( JPM ), Mitsubishi UFJ Financial Group ( MUFG ), and Oracle didn't respond to MT Newswires' requests for comment.

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