{"id":1004441371,"date":"2020-05-14T09:12:24","date_gmt":"2020-05-14T17:12:24","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004441371"},"modified":"2020-05-15T06:45:31","modified_gmt":"2020-05-15T14:45:31","slug":"aligned-expands-credit-facility-to-575m","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/aligned-expands-credit-facility-to-575m\/","title":{"rendered":"Aligned Expands Credit Facility to $575M"},"content":{"rendered":"
\"\"<\/a>

Anubhav Raj, CFO, Aligned. Image courtesy of Aligned<\/em><\/p><\/div>\n

Data center provider Aligned has boosted its secured credit facility<\/a> to $575 million, attributing the need for the funding to \u201ccontinuous and consistently strong customer demand<\/em>.\u201d Previous Aligned lenders Macquarie Infrastructure Partners, BlueMountain Capital Management and Goldman Sachs Bank USA were joined by new lenders including ING Capital LLC, Shinhan Bank New York Branch and TD Securities.<\/p>\n

\n

READ ALSO<\/strong>: Coronavirus Brings Challenges, Opportunities to Data Centers<\/a><\/p>\n

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In a prepared statement, Aligned CFO Anubhav Raj described the funding as \u201cpatient capital<\/em>\u201d and said it would enable the company to accelerate its short- and long-term growth strategies, with respect to both domestic and global opportunities.<\/p>\n

Aligned\u2019s data center portfolio, across which it matches 100 percent of IT loads with certified renewable energy, includes facilities in Dallas, Phoenix, Salt Lake City and Ashburn, Va.<\/p>\n

Expansions and expansions<\/h2>\n

In September, Aligned announced plans to expand its 19-acre metro Dallas data center<\/a> by 8 MW. A month later, the company obtained a $495 million secured credit facility from a group that includes Goldman Sachs Bank USA, CPPIB Credit Investments Inc. and a global investment manager. In late October, Aligned announced that it would significantly expand its metro Salt Lake city data center campus<\/a>, adding 240,000 square feet and 48 MW of capacity.<\/p>\n

The second-half 2019 data center report from CBRE<\/a> found record-high net absorption of 396.4 MW across the nation\u2019s seven primary wholesale data center markets: Atlanta, Chicago, Dallas\/Fort Worth, New York Tri-State, Northern Virginia, Phoenix and Silicon Valley.<\/p>\n","protected":false},"excerpt":{"rendered":"

The larger instrument comes by way of a wider consortium of lenders and will help the data center provider keep up with demand.<\/p>\n","protected":false},"author":882,"featured_media":1004441470,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21755,21825,23891,21742],"tags":[39171,33435,39064,47774],"class_list":["post-1004441371","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-data-centers","category-finance","category-national","category-latest","tag-aligned-data-centers","tag-goldman-sachs","tag-ing-capital","tag-td-securities"],"acf":[],"yoast_head":"\nAligned Expands Credit Facility to $575M - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/aligned-expands-credit-facility-to-575m\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Aligned Expands Credit Facility to $575M\" \/>\n<meta property=\"og:description\" content=\"The larger instrument comes by way of a wider consortium of lenders and will help the data center provider keep up with demand.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/aligned-expands-credit-facility-to-575m\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2020-05-14T17:12:24+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-05-15T14:45:31+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/05\/Anubhav-Raj.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"620\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Scott Baltic\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/aligned-expands-credit-facility-to-575m\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/aligned-expands-credit-facility-to-575m\/\",\"name\":\"Aligned Expands Credit Facility to $575M - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/aligned-expands-credit-facility-to-575m\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/aligned-expands-credit-facility-to-575m\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/05\/Anubhav-Raj.jpg\",\"datePublished\":\"2020-05-14T17:12:24+00:00\",\"dateModified\":\"2020-05-15T14:45:31+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/61ac1450f3ffaa0e850b834c28526555\"},\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/aligned-expands-credit-facility-to-575m\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/aligned-expands-credit-facility-to-575m\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/aligned-expands-credit-facility-to-575m\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/05\/Anubhav-Raj.jpg\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/05\/Anubhav-Raj.jpg\",\"width\":800,\"height\":620,\"caption\":\"Anubhav Raj, CFO, Aligned. 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