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Related Digital Announces Financing for $16 Billion Oracle Data Center Project in Saline Township, Michigan
Related Digital, a vertically integrated data center development and investment platform, and Blackstone (NYSE: BX) announced today that financing has been secured for Related Digital's $16 billion data center campus in Saline Township, Michigan, purpose-built for Oracle. The financing includes equity from Related Digital and funds affiliated with Blackstone, and fixed-rate, long term debt financing anchored by PIMCO-managed funds and accounts. Bank of America served as structuring agent and fin
About this update from Bank Of America Corporation
[{"type":"text","content":"Related Digital and Funds Affiliated with Blackstone Commit Equity to Fund Project; Fixed Rate, Long-Term Debt Financing Anchored by PIMCO-Managed Funds and Accounts","length":165,"tagName":"p","attribs":{}},{"type":"text","content":"Campus Creates Thousands of Union Construction Jobs and Significant Community Investment ","length":88,"tagName":"p","attribs":{}},{"type":"text","content":"DALLAS, April 24, 2026 /PRNewswire/ -- Related Digital, a vertically integrated data center development and investment platform, and Blackstone (NYSE: BX) announced today that financing has been secured for Related Digital's $16 billion data center campus in Saline Township, Michigan, purpose-built for Oracle. The financing includes equity from Related Digital and funds affiliated with Blackstone, and fixed-rate, long term debt financing anchored by PIMCO-managed funds and accounts. Bank of America served as structuring agent and financial advisor, with Goldman Sachs and Wells Fargo also serving as advisors to Related Digital.","length":643,"tagName":"p"},{"type":"text","content":"This project will deliver significant community benefits, including:","length":68,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"2,500+ union construction jobs, 450+ jobs onsite, and 1,500+ jobs county-wide","length":77,"tagName":"p"}]},{"val":[{"type":"text","content":"Millions in new, annual tax revenues to support the Township, Washtenaw County and Michigan schools","length":99,"tagName":"p"}]},{"val":[{"type":"text","content":"$14 million in direct benefits for the local fire department and community investment","length":85,"tagName":"p"}]},{"val":[{"type":"text","content":"Utilizing a closed-loop system that protects Michigan's water","length":65,"tagName":"p"}]},{"val":[{"type":"text","content":"Preservation of 750+acres of open space, farmland and wetlands","length":62,"tagName":"p"}]}],"tagName":"ul","bulletedList":true,"length":388,"olType":false},{"type":"text","content":""The strength of this financing is a powerful validation of what we have built at Related Digital and of the critical role this project will play in America's digital future," said Jeff T. Blau, CEO of Related Companies and Chairman of Related Digital. "We are grateful for the confidence of Blackstone, PIMCO, and our world class banki...