US data centre provider Aligned raises USD 1 bln in sustainability-linked financing

Wednesday 16 September 2020 | 16:02 CET | News
Data centre operator Aligned has successfully raised USD 1 billion worth of sustainability-linked financing, in the form of a senior secured credit. The company called it the first US data centre sustainability-linked financing and one of the largest private debt raises in data center history, consisting of a USD 650 million term loan, a USD 100 million delayed draw term loan and a USD 250 million revolving credit facility. CEO Andrew Schaap said the company will use the money raised to continue expanding its data centre portfolio through land acquisitions in key US and elsewehere, and to extent existing data centre campuses. 

Aligned has data centres in Ashburn (Virginia), Dallas (Texas), Phoenix (Arizona) and Salt Lake City (Utah). The company explained that the financing is tied to core environmental, social and governance (ESG) objectives, and key performance indicators (KPIs). On renewable energy, the company has committed to fully matching its annual energy consumption to zero-carbon renewable energy by 2024. For sustainability reporting, the company will improve transparency and sustainability best practices. There are also workplace safety targets. 

Earlier this year, Aligned fully matched  the IT loads across its data centre portfolio with certified renewable energy. The company was also named a 2020 Green Lease Leader by the Department of Energy’s Better Buildings Alliance and the Institute for Market Transformation. Aligned noted its Delta cooling technology uses up to 80 percent less energy and 85 percent less water than similar systems.


TD Securities was the administrative and collateral agent, Goldman Sachs the syndication agent and ING the sustainability structuring agent. TD Securities, Goldman Sachs, Citizens Bank, Deutsche Bank and Nomura Securities served as joint bookrunners and joint lead arrangers. 


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Categories: Fixed
Countries: United States
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