Oracle Explores Leasing AI Chips With Apollo and Goldman Backing as Debt Load Reaches $169B
Oracle is negotiating with Apollo and Goldman Sachs to fund a major AI chip purchase through a structure where investors buy the chips and lease them back to Oracle. The company's total debt has risen to $169.1 billion, while capital spending over the past year reached $75.7 billion and free cash flow was negative. A lease arrangement may lower the amount Oracle needs to borrow immediately, though its effect on leverage ratios hinges on accounting treatment.
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