Blackstone Credit & Insurance provided an initial $600 million senior secured credit facility as part of a new partnership with Aligned Data Centers, a technology infrastructure company offering scale data centers and build-to-scale solutions for global hyperscale and enterprise customers. The facility will support the development of Aligned’s newest and largest data center in West Jordan, UT. The facility is committed entirely by insurance accounts managed by Blackstone Credit & Insurance’s infrastructure and asset-based credit group.
“Blackstone’s support contributes to Aligned’s continued growth in meeting the capacity demands of customers across the globe,” Anubhav Raj, CFO at Aligned, said. “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.”
“We are thrilled to partner with Aligned and this partnership highlights our ability to support large scale digital infrastructure build-out with flexible and efficient financing solutions,” Robert Horn, global head of infrastructure and asset-based credit at Blackstone Credit & Insurance, said.
“Aligned is one of the fastest growing data center platforms in the Americas and has a focus on sustainability,” Alan Carcich, principal of infrastructure and asset-based credit at Blackstone Credit & Insurance, said. “We look forward to working with the Aligned team to support their continued growth.”
Aligned’s newest data center is a two-story, 80 MW build-to suit project on its hyperscale campus in West Jordan, UT, which now houses three facilities. This is the company’s fourth hyperscale data center in the Salt Lake City metro area.
