Aligned Energy Procures $500 Million Credit Facility for Development Plans

The new facility offers Aligned with flexible, lower-cost capital to assist its growth objectives comprising the development of a growing data center portfolio and the delivery of adaptable build-to-scale and collocation solutions at scale in Phoenix, Dallas, and Salt Lake City.

FREMONT, CA: Aligned Energy, a premier data center provider, announced that it had 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.

Allied offers innovative, adaptable, and sustainable collocation and build-to-scale solutions for cloud, enterprise, and managed service providers. Additionally, the business’s intelligent infrastructure facilitates vertical growth and densification within the same footprint, enabling clients to scale up without disturbance; all while maintaining industry-leading Power Usage Effectiveness (PUE).

The new facility offers Aligned Energy with flexible, lower-cost capital to assist its growth objectives comprising the development of a growing data center portfolio and the delivery of adaptable build-to-scale and collocation solutions at scale in Phoenix, Dallas, and Salt Lake City. The enterprise’s most recent expansion contains the completion of phase one of its hyper-scale data center campus in Ashburn, VA, bringing an initial 60 MW to the heart of Data Center Alley, along with an 8 MW extension of its Dallas-area data center.

Aligned Energy is delighted with the results of the transaction and is looking to work with its capital partners to support the next segment of its expansion. Furthermore, for the business, the loan secured with CPPIB Credit, Golden Sachs, and an international investment management corporation alongside the continuous support of Macquarie Infrastructure Partners and BlueMountain Capital Management add to Aligned’s investor base. While, it’s new credit facility, on the other hand, underpins the enterprise’s commitment to delivering critical capacity in record time. Besides, by gaining the next level of speed-to-market and scale, the organization is meeting its customers’ rising demands for highly efficient and adaptable data center solutions delivered whenever and wherever required.

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

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