Tuesday, October 22, 2019

Aligned Energy Gets $495M In Credit For Data Center Expansion

Dallas-based data center provider Aligned Energy has closed on $495M in a secured credit facility, which it says it will use to support its expansion plans. Aligned Energy said the credit facility came from Goldman Sachs Bank USA, CPPIB Credit Investments Inc. (CPPIB Credit), a subsidiary of the Canada Pension Plan Investment Board, and a global investment management corporation. Terms of the loan were not announced. According to Aligned Energy, the capital will go towards development and expansion of data centers in Dallas, Phoenix, and Salt Lake City. Aligned Energy said it was represented by Cooley LLP in the deal; Dechert LLP served as legal counsel to Goldman Sachs USA and Arnold & Porter represented CPPIB Credit on the financial transaction.