InfraCompute / Deals
Stargate Michigan: Saline Township financing
Project loan for Related Digital, US$14bn, May 2026.
Key terms
- Borrower or issuer
- Related Digital
- Date
- May 2026
- Structure
- Project loan
- Amount
- US$14bn
- Pricing
- Not disclosed
- Tenant or offtaker
- Oracle / OpenAI
What’s notable
A US$14bn financing for Related Digital's Saline Township campus for Oracle and OpenAI, anchored by PIMCO funds, with Bank of America reported as arranger and Blackstone providing equity. It shows private credit anchoring a campus-scale construction financing that would usually sit with a bank club.
Recorded terms
- Lender type
- Private creditNamed lender: PIMCO funds (anchor)
- Lenders and arrangers
- PIMCO funds (anchor); Bank of America structured/arranged (reported); Blackstone equity
- Tenant or offtaker
- Oracle / OpenAI
Parties
Similar financings
Same structure, other borrowers, closest in date.
For counsel on this deal
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Sources
- Stargate Michigan (Related Digital, Saline Township) financingSource date: 2026-05
About this record
Compiled from the sources above. Terms are as announced and may have changed since. Methodology · Send a correction.
