business / news / / The Economic Times
The funding includes equity from Related Digital and Blackstone, alongside long-term debt financing anchored by PIMCO-managed funds.
Related Digital secured $16 billion financing for a Michigan data centre campus dedicated to Oracle.
KEY POINTS
- PIMCO purchased about $10 billion of the project's bonds, anchoring the long-term debt financing.
- Blackstone contributed approximately $2 billion in equity for the data centre project.
- Bank of America sold $14 billion of bonds for the project's financing structure.
COMPANIES
Summarized by Newsio from The Economic Times. How we summarize →