$16 billion Saline Township data center for Oracle secures financing

Related Digital and Blackstone-affiliated funds announced financing for a $16 billion data center campus in Saline Township, Michigan, built for Oracle. PIMCO-managed funds anchored the fixed-rate long-term debt. The campus has three buildings above one gigawatt and is part of Oracle's partnership with OpenAI; the law firm notice says closing remains subject to customary conditions.

• Campus valued at $16 billion, built for Oracle
• Three single-story buildings, more than 1 GW of capacity
• Debt anchored by PIMCO-managed funds; equity from Related Digital and Blackstone-affiliated funds
• Closing subject to customary conditions, per the law firm notice