Aligned: Aligned Energy Secures $495 Million Facility to Support Expansion Plans (PR)

Oct 22, 2019 | Posted by Eric Advinci

DALLASAligned Energy, a leading data center provider offering innovative, sustainable and adaptable colocation and build-to-scale solutions for cloud, enterprise, and managed service providers, announced today it has completed a $495 million secured credit facility with investors including Goldman Sachs Bank USA, CPPIB Credit Investments Inc. (CPPIB Credit), a subsidiary of the Canada Pension Plan Investment Board, and a global investment management corporation.

The new facility provides Aligned with flexible, lower-cost capital to support its growth objectives,  including the development of an expanding data center portfolio and the delivery of adaptable Colocation and Build-to-Scale solutions at scale in Dallas, Phoenix and Salt Lake City. Aligned’s most recent expansions include the completion of phase one of its hyperscale data center campus in Ashburn, VA, bringing an initial 60 MW to the heart of Data Center Alley, as well as an 8 MW expansion of its Dallas-area data center.

“We’re very pleased with the results of this transaction, and look forward to working with our capital partners to support the next phase of growth at Aligned,” said Anubhav Raj, CFO of Aligned Energy. “The secured loan with CPPIB Credit, Goldman Sachs, and a global investment management corporation, along with the continued backing of Macquarie Infrastructure Partners and BlueMountain Capital Management, further round out  Aligned’s investor base and ensure we are well-positioned to take advantage of future expansion opportunities.”

“Our new credit facility underpins Aligned’s commitment to delivering critical capacity in record time,” added Andrew Schaap, CEO of Aligned Energy. “By achieving the next level of speed-to-market and scale, Aligned is meeting our customers’ growing demand for adaptable and highly efficient data center infrastructure solutions delivered where they need them, when they need them.”

Dechert LLP served as legal counsel to Goldman Sachs USA and Arnold & Porter represented CPPIB Credit on the financial transaction, while Cooley LLP represented Aligned Energy.