Related Digital Closes $16 Billion Oracle Data Center Financing

Related Digital secured $16 billion financing for its Oracle data center campus.

The vertically integrated developer closed funding Friday for the Saline Township, Michigan project. Equity commitments came from Related Digital and Blackstone-affiliated funds. Fixed-rate long-term debt anchored by PIMCO-managed accounts.

Bank of America structured the deal as lead advisor. Goldman Sachs and Wells Fargo provided additional financial guidance. Financing validated hyperscale demand for AI infrastructure.

The campus delivered three single-story buildings exceeding 1 gigawatt capacity. Oracle leased facilities supporting OpenAI partnership expansion. Closed-loop cooling system targeted LEED certification.

Construction progressed on schedule with first buildings underway. Thousands of union construction jobs created alongside community investments. Project positioned Michigan centrally in national AI buildout.

DTE Energy committed 1.4 gigawatts power supply under regulatory approval. Historic red barn preservation symbolized local integration. Multi-billion investment accelerated regional economic impact.

Related Digital maintained active pipeline across Ontario, Wyoming, Missouri, Illinois, and Texas. Platform specialized in hyperscale development for leading cloud providers.

Blackstone reinforced infrastructure portfolio through equity participation. PIMCO allocated approximately $10 billion across priced bonds. Remaining debt distributed among institutional investors.

Oracle expanded domestic AI compute capacity strategically. Stargate project demanded unprecedented power and cooling specifications. Saline facility represented cornerstone deployment.

Financing terms reflected compressed risk profiles from anchor tenancy. Long-dated structure matched asset life cycles effectively. Market appetite exceeded expectations amid infrastructure surge.

Related Companies CEO Jeff Blau highlighted digital future validation. Blackstone infrastructure head Nadeem Meghji praised project scale. PIMCO confirmed strategic allocation without specifics.

Michigan solidified data center hub status through regulatory support. Tax incentives and workforce programs facilitated hyperscale attraction. Competitive energy costs enhanced positioning.

The closure accelerated US AI infrastructure deployment. Hyperscalers prioritized domestic capacity amid global demand. Related Digital emerged as premier developer partner.