Aligned manages to upsize facility by over a billion dollars whilst exceeding core ESG objectives

Aligned has announced it has increased its credit facility by 250 million dollars to 1.25 billion dollars. TD Securities LLC, Goldman Sachs Bank, Deutsche Bank, New York Branch, Wells Fargo Securities, Citizens Bank, and Nomura Securities International, acted as joint book-runners and joint lead arrangers for the facility, which is one of the largest private debt raises in data centre history. 

“Aligned’s credit facility upsizing will provide increased financial capacity and flexibility to support the expansion of our data centre portfolio in step with rising demand and further development of our core sustainability initiatives,” Anubhav Raj, CFO of Aligned, said. “Our company’s position is that an investment in digital infrastructure requires an investment in sustainability, which is essential to positive, lasting impact on our environment as well as long-term value creation.”

The company met and successfully exceeded all the requirements of the 1 billion dollars sustainability-linked credit facility. Their sustainability-linked financing is tied to the company’s core environmental, social and governance (ESG) objectives, and Key Performance Indicators (KPIs), including a commitment to match 100 per cent of the company’s annual energy consumption to zero-carbon renewable energy by 2024; aligning the company’s ESG reporting efforts with a global standard and ensuring ESG disclosure for Aligned stakeholders; and a commitment to having and reporting on a total recordable incident rate with respect to workplace safety.

“Among sophisticated hyper scale and enterprise companies, sound environmental stewardship is now a top-of-mind concern,” Andrew Schaap, CEO of Aligned, said. “While no one company or organisation can solve the world’s sustainability challenges, Aligned’s adaptive data centre platform is instrumental in reducing environmental impact while lowering the total cost of ownership for customers, a win-win, and it’s gratifying that our relationship banks and investors recognize this by facilitating our ability to respond to continuously increasing demand.”

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