Oracle plans $45-50 billion financing for cloud buildout
By Global Infrastructure Sherpa · Jan 1, 2026
Oracle aims to raise between $45 billion and $50 billion during 2026 to turbocharge Oracle Cloud Infrastructure capacity, with Goldman Sachs leading the bond issuance and Citigroup steering the share program.
Deal Analysis
Oracle's planned financing of $45-50 billion in 2026 to expand its Oracle Cloud Infrastructure (OCI) capacity represents a significant commitment to the cloud computing market. The financing, expected to be raised through a bond issuance led by Goldman Sachs and a share program steered by Citigroup, underscores Oracle's ambition to compete more aggressively with established cloud providers. This substantial capital injection will likely be used to build out new data centers and enhance existing infrastructure across the United States, solidifying Oracle's presence in this critical market.
The sheer size of the financing is notable, positioning it as one of the largest infrastructure deals in the data center sector. The involvement of Goldman Sachs and Citigroup, two leading global investment banks, further highlights the deal's significance and potential impact on the market. Oracle's investment in OCI reflects the increasing demand for cloud services and the strategic importance of data centers in supporting the digital economy. This move could trigger further investment and consolidation within the cloud infrastructure space as companies vie for market share.
- Sizeable financing of $45-50 billion dedicated to Oracle Cloud Infrastructure expansion.
- Involvement of Goldman Sachs and Citigroup as lead manager and advisor, respectively.
- Focus on expanding data center capacity within the United States.
- Strategic move to enhance Oracle's competitive position in the cloud computing market.
Market Context: The data center sector is experiencing rapid growth driven by increasing demand for cloud computing, data storage, and digital services. Companies are investing heavily in building and expanding data center infrastructure to meet this demand, leading to significant deal activity and competition within the sector.
Source Intelligence
KEY DETAILS
Oracle plans to raise between $45 billion and $50 billion during 2026. "On February 1 2026, the board approved a sweeping capital campaign."
Equity component: up to $25 billion
Debt component: up to $25 billion
ATM program cap: $20 billion
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Deal Size
Oracle targets $50B war chest for 2026 cloud buildout
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Financials
Half will arrive through equity channels, half through a single bond issue.
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Expected Close
The company aims to raise between $45 billion and $50 billion during 2026.
PARTIES MENTIONED IN SOURCE
G
Goldman Sachs
advisor
"Goldman Sachs leads the bond"
C
Citigroup
advisor
"Citigroup steers the share programme"
M
Meta
customer
"Large customers such as Meta and OpenAI have already locked in contracts."
O
OpenAI
customer
"Large customers such as Meta and OpenAI have already locked in contracts."
A
AMD
customer
"Names include AMD, Meta, NVIDIA, OpenAI, TikTok, and xAI."
N
NVIDIA
customer
"Names include AMD, Meta, NVIDIA, OpenAI, TikTok, and xAI."
T
TikTok
customer
"Names include AMD, Meta, NVIDIA, OpenAI, TikTok, and xAI."
x
xAI
customer
"Names include AMD, Meta, NVIDIA, OpenAI, TikTok, and xAI."
high quality
Enriched Feb 19, 2026
Market Context
This deal is part of the Data Center sector in United States.
565
deals in United States
1 of 129 Data Center deals tracked this month · Updated daily