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Investors - MARCH 15, 2024

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Aligned Data Centers receives $600m financing package from Blackstone Credit & Insurance

by Kali Persall

Blackstone Credit & Insurance has provided an initial $600 million senior-secured credit facility to Aligned Data Centers under a new strategic partnership. The financing will support the development of Aligned Data Centers’ newest and largest data center in West Jordan, Utah.

Aligned is a technology infrastructure company offering innovative, sustainable and adaptive scale data centers and build-to-scale solutions for global hyperscale and enterprise customers. The company’s SLC-03 data center is a two-story, 80-megawatt, build-to suit project, located on its hyperscale campus in West Jordan, Utah, which now houses three facilities.

This represents the company’s fourth hyperscale data center in the Salt Lake City metro area.

“Blackstone’s support contributes to Aligned’s continued growth in meeting the capacity demands of customers across the globe,” said Anubhav Raj, CFO at Aligned. “The capital demands of this industry make strong financia

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