Aligned Energy’s $1 Billion Credit Facility

Cooley LLP advised Aligned Energy on the deal.

Aligned Energy announced its $1 billion credit facility, one of the largest private debt raises in data center history and the first sustainability linked financing for a US data center. The facility, which closed September 2, will provide Aligned with additional capital to accelerate corporate, customer and community-related sustainability initiatives as well as short- and long-term growth objectives.

TD Securities acted as the administrative and collateral agent, Goldman Sachs Lending Partners as the syndication agent and ING Capital as the sustainability structuring agent. TD Securities, Goldman Sachs, Citizens Bank, Deutsche Bank, New York Branch and Nomura Securities International served as joint bookrunners and joint lead arrangers for the facility.

Aligned Energy is a data center infrastructure technology company offering colocation and build-to-scale data center solutions to cloud, enterprise and service providers. The company’s mission is to provide ultra-efficient, rapidly deployable and sustainable data center solutions that enable customers to scale easily and efficiently as their business grows, while solving the world’s toughest sustainability challenges associated with data center infrastructure, energy consumption and water usage.

The Cooley Team was led by Samantha LaPine (Picture) and also included David Crawford, Rachel Boyce, Evan Kravitz, Bradley Birchfield, Kate Walther, Todd Gluth, Mor Agam, Francis R. Wheeler and Patrick Flanagan.

Involved fees earner: Mor Agam – Cooley LLP; Bradley Birchfield – Cooley LLP; Rachel Boyce – Cooley LLP; David Crawford – Cooley LLP; Patrick Flanagan – Cooley LLP; Todd Gluth – Cooley LLP; Evan Kravitz – Cooley LLP; Samantha LaPine – Cooley LLP; Kate Walther – Cooley LLP; Francis Wheeler – Cooley LLP;

Law Firms: Cooley LLP;

Clients: Aligned Energy;

Author: Ambrogio Visconti