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You are here: Home / Cloud / Aligned Lines Up $495 Million for Data Center Expansion

Aligned Lines Up $495 Million for Data Center Expansion

By Rich Miller - October 22, 2019

Aligned Lines Up $495 Million for Data Center Expansion

A data hall in an Aligned Energy data center in Dallas, ready for racks. The rear wall of the hall features Aligned's Delta 3 cooling system. (Photo: Aligned Energy)

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Aligned Energy has lined up a $495 million secured credit facility with investors led by Goldman Sachs, the company said today. The loan will enable Aligned Energy to continue its growth trajectory, funding major expansions of its data center campuses in Dallas, Phoenix and Salt Lake City.

“Our new credit facility underpins Aligned’s commitment to delivering critical capacity in record time,” said Andrew Schaap, the CEO of Aligned Energy. “By achieving the next level of speed-to-market and scale, Aligned is meeting our customers’ growing demand for adaptable and highly efficient data center infrastructure solutions delivered where they need them, when they need them.”

Last month Aligned unveiled plans to add 8 megawatts of capacity at its Dallas data center campus in Plano. The company also operates campuses in Phoenix and Salt Lake City, and just opened a data center in Ashburn, Virginia to provide its first major presence on the East Coast.

The new financing includes money from Goldman Sachs Bank USA, CPPIB Credit Investments Inc. a subsidiary of the Canada Pension Plan Investment Board, along with an unnamed global investment management corporation.

“We’re very pleased with the results of this transaction, and look forward to working with our capital partners to support the next phase of growth at Aligned,” said Anubhav Raj, CFO of Aligned Energy. “The secured loan with CPPIB Credit, Goldman Sachs, and a global investment management corporation, along with the continued backing of Macquarie Infrastructure Partners and BlueMountain Capital Management, further round out Aligned’s investor base and ensure we are well-positioned to take advantage of future expansion opportunities.”

The growing activity of Macquarie and other large global investors is changing the way that data centers are built, powered and funded. Aligned wants to be on the front edge of that trend, and is tapping Macquarie’s expertise and connections to innovate in its supply chain, seeking to build faster and more efficiently.

With its focus on “smart infrastructure,” Aligned Energy specializes in solving capacity management challenges through innovation in cooling and the supply chain, Aligned’s offering is positioned to appeal to technology-focused customers, especially growing Internet companies.

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Tagged With: Aligned, Finance, Investing

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I write about the places where the Internet lives, telling the story of data centers and the people who build them. I founded Data Center Knowledge, the data center industry's leading news site. Now I'm exploring the future of cloud computing at Data Center Frontier.

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