13 May Data center provider Aligned secures $575M in credit
Data center and colocation provider Aligned announced on Tuesday that it has increased its secured credit facility to $575 million. Aligned said it has seen increased customer demand for its adaptive infrastructure solutions across its facilities in Ashburn, Virginia, Dallas, Texas, Phoenix and Salt Lake City.RELATED: Cincinnati Bell’s shareholders sign off on $2.9B acquisition deal by MIP
Along with the continued backing of Macquarie Infrastructure Partners—which recently closed its $2.9 billion, deal to buy Cincinnati Bell—BlueMountain Capital Management and Goldman Sachs Bank USA, new facility lenders included ING Capital LLC, Shinhan Bank New York Branch and TD Securities.
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“As the business world moves at an even more rapid pace towards digital transformation, now more than ever, hyperscalers and large enterprises are demanding highly dynamic, scalable and future-proof data center solutions,” said Aligned CEO Andrew Schaap, in a statement. “By virtue of our solid capital foundation, focus on innovation and commitment to sustainability, Aligned offers clients a stable and responsible partner whom they can rely on, now and into the future.”
In October, Aligned, which was founded seven years ago, completed a $495 million secured credit facility with Goldman Sachs Bank USA, CPPIB Credit Investments Inc. (CPPIB Credit), which is a subsidiary of Canada Pension Plan Investment Board, and a global investment management corporation to support its expansion plans.
In March, Aligned announced that its hyperscale data center campus in Ashburn was being expanded to meet growing customer demand. With the COVID-19 pandemic, data center colocation facilities are playing a key role in keeping customers connected during high spikes of network usage.
Colocation facilities are also taking on added importance as enterprises embark on their digital transformations. Enterprises and service providers are moving into colocation facilities so they can connect to the cloud, to IoT applications and services, and to other enterprises and service providers.
A colocation site is a data center facility where a business can rent space for servers and other computing hardware. Most colocation facilities include the building, cooling, power, bandwidth and physical security, while the customer provides servers and storage.
Even with giant colocation companies such as Equinix and Digital Realty, regional companies are finding plenty of traction in secondary markets across the U.S.