Blackstone has provided an initial $600 million senior secured credit facility to support the development of Aligned’s newest and largest data center in West Jordan, Utah.
The Tahoe Reno Industrial Center is at the center of an emerging data center cluster where wholesale data center operators and self-build hyperscale cloud providers like Microsoft have recently joined the Reno ecosystem.
Vantage Data Centers recently announced the company raised a record $10 billion in incremental debt and equity financing throughout 2023 to support the growing demand.