Blackstone Credit & Insurance Upsizes Aligned Data Centers Facility to Over $1B
Blackstone Credit & Insurance (BXCI) and Aligned Data Centers have upsized their existing senior secured credit facility, bringing BXCI’s total commitments to over $1 billion. The expanded financing partnership is aimed at fueling Aligned’s rapid growth and advancing the company’s 5+ gigawatt development pipeline across the Americas.
The investment positions Aligned to meet accelerating demand for adaptive, sustainable, and high-density digital infrastructure powering AI workloads, cloud platforms, and enterprise applications. “This issuance is a testament to the market’s confidence in our long-term strategy and the strength of our entire portfolio,” said Meghan Baivier, CFO of Aligned. “We are thankful for Blackstone’s support as we strategically pursue the vast development opportunities driven by AI, cloud, and enterprise services.”
“This financing reflects Blackstone’s focus on delivering large-scale, flexible, high-grade capital solutions for critical digital infrastructure,” added Rick Campbell, head of U.S. private high-grade credit at BXCI.
The upsized facility builds on BXCI’s $600 million senior secured financing in March 2024, which supported development of Aligned’s SLC-03 data center in West Jordan, Utah.