Blackstone’s QTS Raises $1.65 Billion of Debt for Data Centers

Blackstone Inc.’s QTS raised $1.65 billion through a privately placed sale of high-grade bonds, people with knowledge of the matter said, as the firm looks to finance data center projects in the US.

The debt has maturities of five, seven and 10 years, said the people, who weren’t authorized to speak publicly. Spokespeople for Blackstone and QTS declined to comment.

The buildout of infrastructure to support the boom in artificial intelligence is emerging as an attractive opportunity for credit investors.

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