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Project Jupiter for Oracle (New Mexico)
Banks and Blue Owl fund a campus Oracle leases. Oracle reportedly told Blue Owl that power delays count as force majeure. Oracle says the project remains on its planned schedule.
Stress The FT reported the loans at 89 to 91 cents on the dollar on Sep 19. Bloomberg reported the force majeure notice on Sep 24. Sep 24, 2026
- Size
- $18B · About $18B of bank loans, plus about $3B of Blue Owl equity.
- Date
- · Loans arranged in late 2025; the notice was reported Sep 24.
- Type
- Bank loan
- Status
- Reported
Who does what
- Santanderarranged the loans
- Jefferiesarranged the loans
- Blue Owlowns the campus through Stack, about $3B of equity
- Stack Infrastructureowns the campus for Blue Owl
- Oraclethe tenant
What we don’t know
- The notice's wording
- The other lenders in the loan
Sources
- Oracle Jupiter Force Majeure: Who Pays When Power Runs Late Global Data Center Hub, citing Bloomberg and the FT · Sep 27, 2026
We opened each of these on Oct 30, 2026.
See it on the debt map. Not financial advice.