Thread

Oracle cites 'force majeure' to shield itself on controversial data center

155 points · 153 comments · simonpure

0cf8612b2e1e · 1790261617 · focus · HN ↗
Surely this will assuage the creditors that Oracle is going to pay back its $100B+ loans.
1. AnimalMuppet · 1790265458 · focus · HN ↗
  It's easier to pay back the loans if they don't spend the money in the first place. This sounds like they can't spend the money, so paying it back should be easy, not hard.
  1. toomuchtodo · 1790269550 · focus · HN ↗
    Stock price is contingent on the idea of returns from that debt being spent. If they pay it back, stock price goes down.
2. JumpCrisscross · 1790273618 · focus · HN ↗
  It costs about 4x to insure against Oracle’s credit risk as it does against a generic North American investment-grade issuer [1]. That divergence is almost entirely a product of 2026.
  [1] <a href="https://www.ft.com/content/82dbd39c-f8dd-4ef1-8a80-d430a22579bd" rel="nofollow">https://www.ft.com/content/82dbd39c-f8dd-4ef1-8a80-d430a2257...

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