Related Digital secures financing for $16 billion Oracle data center in Michigan

Data center developer Related Digital said on Friday it has secured financing for a $16 billion data center campus it is building in Michigan for Oracle.

The financing includes equity from Related Digital and ‌funds affiliated ⁠with ⁠Blackstone, as well as fixed-rate, long-term debt financing anchored by PIMCO-managed funds and accounts, the company said.

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