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Plano data center firm secures $600 million in backing from Blackstone unit

Posted on AllSides March 14th, 2024
From The Center

Aligned Data Centers has received a sizable financing infusion from a New York heavyweight. The Plano-based technology infrastructure company this week announced an initial $600 million credit facility with Blackstone Credit & Insurance. The money will go toward development of Aligned’s newest and largest data center, a two-story, 80-megawatt hyperscale campus in West Jordan, Utah. The build-to-suit project will house three facilities. Blackstone Credit & Insurance is the combination of Blackstone’s two fastest-growing segments, which were integrated last year. The commitment to Aligned comes from insurance accounts managed by the...

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https://dallasnews.com/business/real-estate/2024/03/14/plano-data-center-firm-secures-600-million-in-backing-from-blackstone-unit

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