Blackstone Credit & Insurance and Aligned Data Centers announce major financing agreement

In a significant development, Blackstone Credit & Insurance (“BXCI”) has confirmed the provision of a $600 million senior secured credit facility to support the development of Aligned Data Centers’ latest and largest data center in West Jordan, Utah. This partnership marks a major milestone for both companies and highlights the increasing demand for robust financial backing in the rapidly growing digital infrastructure industry.

Anubhav Raj, the Chief Financial Officer at Aligned, expressed his enthusiasm about the collaboration, stating that Blackstone’s support will play a crucial role in meeting the capacity demands of customers across the globe. He emphasised the importance of strategic financing partnerships that focus on ingenuity and collaboration, underlining their significant advantage in driving industry growth and innovation.

Robert Horn, Global Head of Infrastructure & Asset Based Credit at BXCI, echoed this sentiment, stating that the partnership with Aligned demonstrates their ability to provide flexible and efficient financing solutions for large-scale digital infrastructure build-out. Alan Carcich, Principal of Infrastructure & Asset Based Credit at BXCI, also underscored Aligned’s rapid growth in the data center sector and their strong focus on sustainability, expressing their enthusiasm for working with the Aligned team in the future.

Aligned Data Centers is renowned for its commitment to sustainability and innovation, offering adaptive Scale Data Centers and Build-to-Scale solutions for global hyperscale and enterprise customers. The company’s intelligent infrastructure allows for densification and vertical growth within the same footprint, enabling customers to scale up without disruption, while maintaining industry-leading Power Usage Effectiveness (PUE). By reducing energy, water, and space requirements, Aligned’s data center solutions offer businesses a competitive advantage by improving sustainability, reliability, and their bottom line.

Blackstone, as the world’s largest alternative asset manager, is dedicated to delivering compelling returns for institutional and individual investors by strengthening the companies in which they invest. With over $1 trillion in assets under management, their global investment strategies encompass real estate, private equity, infrastructure, life sciences, growth equity, credit, real assets, secondaries, and hedge funds.

The partnership between Blackstone Credit & Insurance and Aligned Data Centers represents a significant step forward for both companies as they work towards meeting the evolving needs of the digital infrastructure industry. This collaboration not only signifies the growing demand for sustainable and innovative data center solutions but also emphasizes the crucial role of strategic financial partnerships in driving industry growth and development.

For more information about Aligned Data Centers, please visit www.aligneddc.com and connect with them on LinkedIn and Facebook. Additional information about Blackstone can be found at www.blackstone.com. Follow @blackstone on LinkedIn, Twitter, and Instagram for the latest updates and insights.

For press and analyst inquiries, please contact Jennifer Handshew for Aligned Data Centers at [email protected] or +1 (917) 359-8838, and Kate Holderness for Blackstone at [email protected] or +1 (917) 318 6818.