September 17, 2020
Dallas-based data center provider Aligned said Wednesday it had completed a $1-billion senior secured credit facility that’s reportedly the first U.S. data center sustainability-linked financing. The facility is reportedly also one of the largest private debt raises in data center history.
The facility consists of a $650-million term loan, a $100-million delayed-draw term loan and a $250-million revolving credit facility. Aligned engaged TD Securities as the administrative and collateral agent; Goldman Sachs Lending Partners LLC as the syndication agent; and ING Capital LLC as the sustainability structuring agent.
“I couldn’t be prouder of our team’s achievements and operational strength, culminating in an ability to continue championing a slew of firsts for the data center industry,” said Aligned CEO Andrew Schaap. “That sentiment is recognized and echoed in this latest and unprecedented round of financing, which provides Aligned the ability to keep expanding our data center portfolio.”
Pictured: An Aligned facility under construction in Ashburn, VA.
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