Aligned Energy, a data center provider offering innovative, sustainable and adaptable colocation and build-to-scale solutions for cloud, enterprise, and managed service providers, completed a $375 million secured credit facility with Goldman Sachs Bank USA.

This new loan provides Aligned Energy lower-cost capital to support the company’s substantial near- and long-term development objectives. The loan, inclusive of extension options, matures in October 2023.

“We couldn’t be more pleased with the results of the transaction,” said Anubhav Raj, CFO of Aligned Energy. “The structure of this financing provides the necessary capital to facilitate the development of our expanding data center portfolio.”

“Along with the investment made by Macquarie Infrastructure Partners earlier this year as well as the continued support of BlueMountain Capital Management, this significant funding with Goldman Sachs positions us to aggressively address the exponential growth and strong demand we’re seeing in the industry,” added Andrew Schaap, CEO of Aligned Energy.

The Aligned Energy team has operated more than 750 Megawatts and developed over $3.5 billion of data centers around the globe for some of the most discerning clients. The company has operational data center facilities in Dallas, Phoenix and Salt Lake City, and a newly-announced 180-Megawatt campus in Ashburn, VA that is underway.

Dechert served as legal counsel to Goldman Sachs USA on the financial transaction, while Cooley represented Aligned Energy.