Blackstone continues to expand its reach in the red-hot data center sector, this week announcing a strategic partnership with Dallas-based Aligned Data Centers.
Blackstone Credit & Insurance (BXCI) has provided an initial $600M senior secured credit facility for the development of Aligned's newest data center in West Jordan, Utah. The senior secured credit facility is committed entirely by insurance accounts managed by BXCI's Infrastructure & Asset Based Credit Group.
Aligned, which specializes in build-to-scale data centers, will use the financing to build its fourth hyperscale data center in the Salt Lake City metro area. The project, known as SLC-03, is a two-story, build-to-suit 80 MW facility at the company's campus in West Jordan.
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