DALLAS, May 18, 2022 (GLOBE NEWSWIRE) — Aligned Data Centers, a leading technology infrastructure company providing innovative, sustainable and adaptive scaled data centers and Build-to-Scale solutions for customers global hyperscale and enterprise company, announces that it has increased its sustainability-linked loan from $375 million to $1.75 billion to accelerate its next phase of strategic growth and expansion. The facility consists of a $500 million 12 month deferred draw term loan, a $750 million 24 month deferred draw term loan and a $500 million revolving credit facility. TD Securities, Wells Fargo Securities and Citizens Bank, NA acted as joint bookrunners and joint lead arrangers for the facility. Aligned engaged ING Capital LLC as sustainability structuring agent and TD Securities as sustainability and administrative agent, and more than 20 banks supported the company in the transaction.
“Aligned’s latest increase in its sustainability-related funding not only demonstrates our relationship banks’ and financial institutions’ recognition of the precipitous demand for digital infrastructure and services, but also the singular demand for the platform. adaptive data center form of Aligned, which provides a sustainable and dynamic solution to the needs of high-growth, high-capacity customers,” said Anubhav Raj, Chief Financial Officer, Aligned. “Green financing is an integrated part of Aligned’s industry-leading commitment to data center sustainability and environmental stewardship, and further supports our ability to innovate in disruptive ways in pursuit of an industry and a climate safe world.
Aligned’s sustainable financing initiatives provide the ability to support the continued growth of its data center portfolio. This growth includes the expansion of its data center developments in Ashburn, Chicago, Phoenix and Salt Lake City, and the acquisition of land in other key regions of the United States and the world for new construction and deployments. of data centers. This latest increase in Aligned’s sustainability-linked loan follows several milestones in the company’s historic green financing record, including the first-ever and largest green data center securitization ever, and the first sustainability-related data center securitization in the United States. funding.
“Our sophisticated customers need highly dynamic, massively scalable data center solutions that can be delivered quickly, wherever their business growth demands, while reinforcing their environmental commitments and paths to zero carbon,” says Andrew Schaap, CEO of Aligned. “We are deeply pleased that leading financial institutions continue to support our goal of being the data center industry’s leading change agent for sustainability by providing access to, and increasing, our sustainability-related funding. to fulfill this mission. »
About Aligned Data Centers
Aligned Data Centers is a leading technology infrastructure company providing innovative, sustainable and adaptive scaled data centers and Build-to-Scale solutions for global hyperscale and enterprise customers. Our intelligent infrastructure enables densification and vertical growth within the same footprint, allowing customers to scale without disruption, while maintaining industry-leading power utilization efficiency (PUE) . By reducing the energy, water and space needed to operate, our data center solutions, combined with our patented cooling technology, give businesses a competitive advantage by improving sustainability, reliability and their bottom line. For more information, visit www.aligneddc.com and connect with us on Twitter, LinkedIn and Facebook.
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