Social Media
May
Oracle’s massive loan obligations crimp future borrowing.
After signing a $300-billion contract to provide cloud services to OpenAI, Oracle has committed so much money to leasing data centers that it has limited its own ability to borrow much more, The WSJ reported.
X-LINKEDIN
Posts
Investors as well as lenders have noticed. The cost of credit default swaps – the market’s way of insuring against Oracle defaulting on its loans – has more than tripled since last September.
The company’s share price has dropped 30 percent in the past six months.
