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Blackstone-Backed QTS in Talks for $2 Billion Financing to Secure Electricity Supply
Data center operator QTS, backed by Blackstone, is negotiating with banks for approximately $2 billion in financing. The funds aim to procure electricity amid industry pressures. This development heightens competition for innovative financing strategies in the data center sector.
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Data center operator QTS is in talks with banks for about $2 billion in financing to help procure electricity, @business reported. The discussions are intensifying the race for creative forms of financing in the data center industry. QTS operates as a data center provider backed by investment firm Blackstone.
The $2 billion financing specifically targets electricity procurement needs for QTS's operations.
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