US EditionRelated Digital Secures Financing for $16 Billion Oracle Data Center in Michigan
The campus will add more than 1 gigawatt of capacity and is expected to create 2,500 union construction jobs, the companies said.
- On Friday, Related Digital and Blackstone announced they secured $16 billion in financing for a data center campus in Saline Township, Michigan, purpose-built for Oracle.
- Bank of America sold $14 billion in bonds to anchor the debt, while Blackstone contributed approximately $2 billion in equity, with PIMCO-managed funds securing long-term debt financing.
- DTE Energy expects $300 million in customer savings, while the project simultaneously creates 2,500+ union construction jobs and 450+ onsite positions.
- Nadeem Meghji, Global Head of Blackstone Real Estate, noted 'demand for digital infrastructure continues at a breathtaking pace,' driven by AI and broader digitalization.
- Alphabet, Amazon, and Meta plan to collectively invest about $650 billion in AI infrastructure this year, contextualizing the campus's LEED certification pursuit and 750+ acres of open space preservation.
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A $16B financing for a giant Oracle data center in Michigan has closed, with BofA selling $14B in bonds; Oracle plans to use the campus to power apps for OpenAI (Bloomberg)
Bloomberg: A $16B financing for a giant Oracle data center in Michigan has closed, with BofA selling $14B in bonds; Oracle plans to use the campus to power apps for OpenAI — A $16 billion financing for a giant Oracle Corp. data center in Michigan has wrapped after months of stop-and-start…
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Related Digital Announces Financing for $16 Billion Oracle Data Center Project in Saline Township, Michigan
Related Digital and Funds Affiliated with Blackstone Commit Equity to Fund Project; Fixed Rate, Long-Term Debt Financing Anchored by PIMCO-Managed Funds and Accounts
Related Digital secures $16 Bn financing for Oracle Data Centre Campus in Michigan | Business Review Live | Business News, Reviews | Entrepreneur Stories, Interviews
Related Digital announced that it has secured financing for a $16 billion data centre campus that it is developing in Michigan for Oracle. This major investment highlights the rapid expansion of AI infrastructure and cloud computing capacity in the United States. The financing structure includes equity contributions from Related Digital and funds affiliated with Blackstone. In addition, the deal incorporates fixed-rate, long-term debt financing …
Related Digital Secures $16 Billion Data Centre Funding
Data centre developer Related Digital announced Friday it has secured a comprehensive financing package for a massive $16 billion data centre campus it is constructing in Michigan for Oracle. Related Digital is a company focused on developing infrastructure for data processing and storage. The firm is currently building this significant data centre campus in Michigan. This colossal project, located in Saline Township, Michigan, will boast a capa…
The largest technology companies are investing hundreds of billions of dollars in data centers and other infrastructure
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