Aligned Data Centers has closed a $2.58 billion revolving credit facility to support expansion of its U.S. data center portfolio.
The facility is backed by institutional investors, including insurance companies and pension funds, and is secured by an initial pool of six development assets. It carries a three-year term with two one-year extension options and is structured to support financing of later-stage development projects.
“This innovative Devco Facility unlocks substantial additional borrowing capacity, serving as a powerful catalyst to drive Aligned’s continued growth,” Meghan Baivier, CFO of Aligned Data Centers, said. “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.”
“The strong response from the lending community and our ability to successfully establish this debt facility reflects the fundamental strength of our business and the market’s belief in our continued trajectory,” Baivier added.
The company said the facility will help diversify funding sources, preserve equity and support delivery of new data center capacity as demand for cloud, AI and high-performance computing infrastructure grows.
