Aligned increases ESG data centre financing by $250m

money1-684x513 cash dollars.jpg

Data centre operator Aligned has increased its sustainability-linked financing by $250 million to $1.25 billion.

TD Securities, Goldman Sachs Bank, Deutsche Bank, Wells Fargo Securities, Citizens Bank and Nomura Securities International acted as joint book runners and joint lead arrangers for the facility.

“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,” said Anubhav Raj, CFO of Aligned.

“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,” Raj added.

Aligned’s 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% of Aligned's annual energy consumption to zero-carbon renewable energy by 2024.

“Among sophisticated hyperscale and enterprise companies, sound environmental stewardship is now a top-of-mind concern,” said Andrew Schaap, CEO of Aligned. “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.”

The firm offers colocation and build-to-scale solutions to cloud, enterprise and managed service providers. This March, Aligned completed its second data centre in the Salt Lake metro area, located in West Jordan, Utah.