Related Digital Nears Close on $16 Billion Package to Build Oracle Data Center in Michigan
Related Digital is finalizing a $16 billion financing package to develop an Oracle data center campus in Saline Township, Michigan. The plan includes roughly $2 billion in equity from Blackstone and about $14 billion in debt led by Bank of America, a portion of which is expected to be issued as bonds. The project is reported to be on schedule, with…