By Colleen Cabili
Publication Date: 2026-04-27 13:09:00
Related Digital and Blackstone announced April 24th that they have secured $16 billion in financing for a data center campus built for Oracle in Saline Township, Michigan. The financing includes equity from Related Digital and Blackstone-affiliated funds, as well as fixed-rate, long-term debt anchored by funds and accounts managed by PIMCO.
Accordingly, Bank of America sold bonds tied to the project worth $14 billion Bloomberg. Of the bonds valued Friday, about $10 billion went to PIMCO, with the rest taken up by other investors, Bloomberg reported. Bloomberg reported that the bonds were issued with a 7.5% coupon, a price of 98.75 cents on the dollar and a maturity of 2045. Blackstone contributed about $2 billion in equity capital, Bloomberg also reported.
Bank of America acted as structuring agent and financial advisor on the transaction. Goldman Sachs and Wells Fargo also served as advisors to Related Digital, according to the company.
Three one-story buildings…
