Aligned Energy Completes $375 Million Secured Loan With Goldman Sachs
Data center provider secures credit facility to support expansion plans and lower cost of capital.
Aligned Energy has announced it has 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 MW 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, Virginia that is underway.
Aligned Energy’s mission is to make data center critical infrastructure intelligent enough to continuously improve both its economic performance and environmental impact, delivering a noticeable business advantage. The company’s unique approach to infrastructure deployment allows it to deliver the data center platform like a utility – accessible and scalable as needed. It also reduces the energy, water and space required to operate physical data center environments, significantly improving sustainability and yielding greater water and power usage effectiveness for customers.
Dechert LLP served as legal counsel to Goldman Sachs USA on the financial transaction, while Cooley LLP represented Aligned Energy.