Blackstone Provides $600M Credit Facility for Utah Data Center
Blackstone Credit & Insurance (BXCI) has provided a $600 million senior secured credit facility to support the development of Aligned Data Center’s SLC-03, the tech infrastructure company’s “newest and largest” data center in West Jordan, UT.
The credit facility is committed entirely by insurance accounts managed by BXCI’s Infrastructure & Asset Based Credit Group.
The data center is a two-story, 80 MW build-to suit project on its hyperscale campus in West Jordan, which is now home to three facilities. This is Aligned’s fourth hyperscale data center in the Salt Lake City metro area.
“Aligned is one of the fastest growing data center platforms in the Americas and has a focus on sustainability – we look forward to working with the Aligned team to support their continued growth,” said Alan Carcich, principal, infrastructure & asset-based credit at BXCI.
In December 2023, Blackstone formed a joint venture with Digital Realty to build four hyperscale data center campuses in Frankfurt, Paris, and Northern Virginia with an estimated cost of nearly $7 billion.
