Aligned Secures $2.58 Billion Credit Facility for US Data Center Expansion

Aligned Secures $2.58 Billion Credit Facility for US Data Center Expansion

March 26, 2026

In a significant move to fuel the ongoing data center construction boom driven by artificial intelligence and cloud computing demand, Aligned Data Centers has closed a major new financing deal. The US-based operator announced a $2.58 billion revolving credit facility, secured by an initial collateral pool of six assets within its national portfolio. This substantial capital injection is backed by institutional investors, including insurance and pension funds.

The facility, structured as a development company (devco) facility, has an initial three-year term with options for two one-year extensions. Aligned indicated plans to further increase the facility's borrowing capacity to align with its future project delivery schedules. This financing model provides the company with enhanced flexibility to scale its operations rapidly.

Meghan Baivier, Chief Financial Officer of Aligned Data Centers, stated, “This innovative devco facility unlocks substantial additional borrowing capacity, serving as a powerful catalyst to drive Aligned’s continued growth. This structure represents a completely new tool in our toolkit, giving us enhanced flexibility as we scale our operations to meet growing customer demand.”

Aligned’s expansion strategy is focused on key US markets, with existing campuses in Chicago, Dallas, Salt Lake City, Phoenix, and Northern Virginia, and additional sites under development in Maryland, Ohio, Illinois, Pennsylvania, and Virginia. The company’s growth follows its acquisition last year by a consortium including the AI Infrastructure Partnership, MGX, and BlackRock's Global Infrastructure Partners in a landmark transaction valued at $40 billion.

The new credit facility significantly bolsters Aligned’s financial resources for its build-out program. It follows a previous $1 billion facility from Blackstone and a $600 million loan secured in March 2024 specifically for its Utah campus development. Beyond the US, Aligned has expanded its footprint in Latin America through the acquisition of OData and holds an investment in Canadian firm QScale, positioning it as a growing force in the Americas data center market.

Source: datacenterdynamics