Blackstone Credit & Insurance and the technology infrastructure company Aligned Data Centers announced a new strategic partnership on March 12.
Blackstone’s $600 million senior secured credit facility will support the development of Aligned Data Center’s new West Jordan, Utah, data center—the company’s largest data center to date.
Anubhav Raj, Aligned’s CFO, said in a press release, “Blackstone’s support contributes to Aligned’s continued growth in meeting the capacity demands of customers across the globe. The capital demands of this industry make strong financial backing crucial. Strategic financing partnerships focused on ingenuity and collaboration are a key advantage. We are excited to embark on this initial transaction and build on future opportunities with Blackstone.”
The SLC-03 data center is a two-story, 80 MW build-to-suit project on Aligned’s hyperscale campus, which now has three facilities.
Hayden Beeson is a writer and editor with over seven years of experience in a variety of industries. Prior to joining Lightwave and Broadband Technology Report, he was the associate editor of Architectural SSL and LEDs Magazine.
