Aligned Secures $2.58bn Credit Facility for US Data Center Expansion

US operator Aligned Data Centers has secured new financing to support its data center build-out. The company this week today announced the closing of a new $2.58 billion credit facility to support the continued expansion of its US data center portfolio.

Backed by insurance firms, pension funds, and other institutional investors, the new revolving credit facility is secured by an initial pool of six US assets in Aligned’s portfolio.  The facility has a three-year term with two one-year extension options. Aligned said it plans to expand the borrowing capacity over time to support its development pipeline.

“This innovative devco facility unlocks substantial additional borrowing capacity, serving as a powerful catalyst to drive Aligned’s continued growth,” said Meghan Baivier, Aligned Data Centers' CFO. “At Aligned, we are deeply focused on cultivating strong partnerships that are enduring in nature. We are incredibly excited to continue our relationship with the institutional lending community as we look to grow in the future. This structure represents a completely new tool in our toolkit, giving us enhanced flexibility as we scale our operations to meet growing customer demand.”