Funds affiliated with Blackstone have secured financing for Related Digital’s $16 billion data center campus in Saline Township, Michigan. The transaction includes equity from Related Digital and funds affiliated with Blackstone as well as fixed-rate, long-term debt anchored by PIMCO-managed funds and accounts.
| Acquirer | Funds affiliated with Blackstone (US) |
|---|---|
| Target | Related Digital’s $16 billion data center campus in Saline Township, Michigan (US) |
| Deal value | $16.0bn |
| Type | Financing |
| Close date | 2026-04-27 |
| Announcement date | 2026-04-27 |
| Buy-side advisors | Simpson Thacher & Bartlett, Goldman Sachs, Wells Fargo |
| Sell-side advisors | Not disclosed |
| Legal buy | Simpson Thacher & Bartlett, Simpson Thacher & Bartlett |
| Legal sell | Not disclosed |
Deal Mechanics
The financing is structured to provide equity from Related Digital and funds affiliated with Blackstone. Additionally, the project secured long-term debt anchored by PIMCO-managed funds and accounts, offering fixed-rate funding for the $16 billion data center campus.
Strategic Rationale
This transaction aims to finance Related Digital’s data center campus in Saline Township, Michigan, which is expected to serve as a critical facility for Oracle. The deal enables Related Digital and its financial backers to secure substantial funding needed for the construction and operation of the expansive infrastructure project.
Financial Context
The $16 billion data center campus represents one of the largest financing initiatives in the technology sector, underscoring the growing importance of robust digital infrastructure. The transaction leverages both equity contributions from Related Digital and financial support from Blackstone to ensure long-term viability.
Advisors
Simpson Thacher & Bartlett served as legal counsel for Blackstone on this deal, with Goldman Sachs and Wells Fargo providing additional advisory services. No sell-side advisors were disclosed.
Outlook
The financing of the data center campus is expected to drive significant economic benefits for Saline Township and the broader Michigan region. With Oracle as a key tenant, the project promises sustained demand for digital infrastructure in the area, solidifying its role as a major player in the tech industry.