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Last Updated on 13
Aligned Data Centers partners with the world's largest private equity firm, Blackstone, for data center development. Blackstone has provided an initial USD 600 million senior secured credit facility to support the development of Aligned’s newest and largest data center in West Jordan, Utah, USA.
Aligned Data Centers is renowned for offering innovative, sustainable, and adaptive scale data centers and build-to-scale solutions for global hyperscale and enterprise customers. This new partnership with Blackstone marks a significant milestone in the company's growth trajectory.
The senior secured credit facility is committed entirely to insurance accounts managed by BXCI’s Infrastructure & Asset-Based Credit Group. This financial backing is crucial for the capital-intensive data center industry.
Anubhav Raj, Chief Financial Officer at Aligned, expressed his excitement about the partnership. He emphasized that strategic financing partnerships focused on ingenuity and collaboration are a key advantage for the industry. He also highlighted that Blackstone's support contributes to Aligned's continued growth in meeting the capacity demands of customers across the globe.
Robert Horn, Global Head of Infrastructure & Asset-Based Credit at BXCI, echoed these sentiments. He stated that the partnership with Aligned highlights BXCI's ability to support large-scale digital infrastructure build-out with flexible and efficient financing solutions.
Aligned's SLC-03 data center, the focus of this investment, is a two-story, 80 MW build-to-suit project on its hyperscale campus in West Jordan, Utah. This campus now houses three facilities, and the SLC-03 data center is the company's fourth hyperscale data center in the Salt Lake City metro area.
This partnership between Aligned and Blackstone is a testament to the growing demand for data centers and the increasing importance of digital infrastructure. It also underscores the role of strategic financing in supporting the growth and expansion of technology infrastructure companies.
| What is a senior secured credit facility? |
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A senior secured credit facility is a type of loan that lenders like banks or investment firms offer to businesses.
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Aligned Data Centers, a leading data center infrastructure technology company, is at the forefront of providing innovative and sustainable solutions to cloud, enterprise, and service providers. With a focus on adaptability and sustainability, Aligned has carved a niche for itself in the data center industry.
Aligned offers scaled data centers and build-to-scale solutions that are designed to adapt to the evolving needs of businesses. These solutions support a standardized design process, ensuring that they can accommodate a variety of applications. Aligned's offerings are particularly suited for high-performance applications such as artificial intelligence (AI), machine learning (ML), high-performance computing (HPC), and liquid cooling.
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