{"id":1004793474,"date":"2026-03-30T04:36:14","date_gmt":"2026-03-30T12:36:14","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004793474"},"modified":"2026-03-30T06:53:45","modified_gmt":"2026-03-30T14:53:45","slug":"aligned-taps-2-6b-credit-facility-for-data-center-expansion","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/aligned-taps-2-6b-credit-facility-for-data-center-expansion\/","title":{"rendered":"Aligned Taps $2.6B Credit Facility for Data Center Expansion"},"content":{"rendered":"\n

<\/p>\n\n\n

\n
\"An<\/a>
An Aligned Data Centers property in Ashburn, Va., one of the several Northern Virginia data center campuses owned and operated by the firm. Aligned has closed on a nearly $3 billion credit facility to support later-stage development at several U.S. sites. Image courtesy of Aligned Data Centers<\/em><\/figcaption><\/figure><\/div>\n\n\n

Aligned Data Centers has closed on a $2.6 billion credit facility funded by insurance, pension fund and other institutional investors that will support later-stage development as the company continues to expand its U.S. data center portfolio.<\/p>\n\n\n\n

The revolving credit facility is supported by six data center facilities in the existing portfolio in Dallas, Phoenix and Northern Virginia. The facility features an initial term of three years, with two one-year extension options. PGIM confirmed to Bloomberg <\/em>that it was an anchor lender for the facility. The other lenders were not identified.<\/p>\n\n\n\n

\u201cIt is optimized to finance later-stage development assets\u2014projects that are more advanced in both leasing and capital expenditure, which is particularly attractive to this lender base,\u201d Meghan Baivier, Aligned CFO, told Commercial Property Executive<\/em>. \u201cThis new revolving facility diversifies Aligned\u2019s funding sources by tapping non-bank institutional capital and adds a new tool to Aligned\u2019s financial \u2018toolkit.\u2019 \u2019\u2019<\/p>\n\n\n\n

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READ ALSO<\/strong>: Who\u2019s Funding the Data Center Boom?<\/a><\/p>\n\n\n\n

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While noting that the facility can be used primarily for the development of the collateral properties, Baivier added the pool of assets can change over time as the company adds and removes properties. Aligned currently operates more than 50 data campuses around the world and more than 5 gigawatts in contracted and available capacity.<\/p>\n\n\n\n

\u201cThe facility deepens our overall access to development capital,\u201d she told CPE<\/em>. \u201cInjecting institutional debt at this phase of our projects opens another important pool of capital, which will allow us to continue growing the platform and executing on new opportunities in the market.\u201d<\/p>\n\n\n\n

Funding accelerates AI, cloud hubs<\/h2>\n\n\n\n

The new funding will help the company accelerate its U.S. expansion, enabling it to rapidly add capacity in key cloud and artificial intelligence hubs where demand for GPU-dense, high-density infrastructure continues to outstrip supply. The financing is designed to help support large-scale campuses for hyperscale, neocloud and AI-native customers, as well as global enterprises.<\/p>\n\n\n

\n
\"Meghan<\/a>
Meghan Baivier, CFO of Aligned Data Centers. Image courtesy of Aligned Data Centers<\/em><\/figcaption><\/figure><\/div>\n\n\n

Baivier said in a prepared statement the strong response from the lending community and the company\u2019s ability to successfully establish the debt facility reflects the fundamental strength of Aligned\u2019s business and the market\u2019s belief in its growth. By leveraging the institutional capital markets for later-stage development assets, the company continues to diversify its funding sources while preserving equity and optimizing its capital structure.<\/p>\n\n\n\n

Early last year, Aligned brought in more than $5 billion of primary equity and over $7 billion of debt commitments to fund growth and innovation<\/a>. The privately held company is currently owned by Macquarie Asset Management. Artificial Intelligence Infrastructure Partnership, a consortium of investors including BlackRock, Global Infrastructure Partners, MGX, Microsoft and NVIDIA, plan to acquire all equity in Aligned<\/a> this year for about $40 billion.<\/p>\n\n\n\n

In March 2024, Blackstone Credit & Insurance, a Blackstone entity, provided an initial $600 million senior secured credit facility to Aligned for the development of SLC-02<\/a>, a data center campus near Salt Lake City. It was the first financing deal as part of a strategic partnership between BXCI and Aligned.<\/p>\n\n\n\n

Earlier this month, Aligned topped out a 72-megawatt project in Frederick, Md<\/a>., known as IAD-06. The project, which broke ground late last year, is a 450,000-square-foot development that will be part of a planned four-building, 75-acre hyperscale campus. Upon full buildout, the campus\u2019 capacity could reach 264 megawatts.<\/p>\n","protected":false},"excerpt":{"rendered":"

The financing will support later-stage developments at sites in three key markets.<\/p>\n","protected":false},"author":1068,"featured_media":1004793533,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21755,21782,21808,21825,23891,21742],"tags":[39171,34714],"class_list":["post-1004793474","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-data-centers","category-development","category-featured","category-finance","category-national","category-latest","tag-aligned-data-centers","tag-pgim-real-estate"],"acf":[],"yoast_head":"\nAligned Taps $2.6B Credit Facility for Data Center Expansion - Commercial Property Executive<\/title>\n<meta name=\"description\" content=\"Aligned Data Centers has closed on a $2.6 billion credit facility funded by insurance, pension fund and other institutional investors.\" \/>\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-taps-2-6b-credit-facility-for-data-center-expansion\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Aligned Taps $2.6B Credit Facility for Data Center Expansion\" \/>\n<meta property=\"og:description\" content=\"Aligned Data Centers has closed on a $2.6 billion credit facility funded by insurance, pension fund and other institutional investors.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/aligned-taps-2-6b-credit-facility-for-data-center-expansion\/\" \/>\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=\"2026-03-30T12:36:14+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2026-03-30T14:53:45+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/03\/Aligned-Northern-VA.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"600\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Gail Kalinoski\" \/>\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-taps-2-6b-credit-facility-for-data-center-expansion\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/aligned-taps-2-6b-credit-facility-for-data-center-expansion\/\",\"name\":\"Aligned Taps $2.6B Credit Facility for Data Center Expansion - 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