Blackstone Credit & Insurance (BXCI) and Aligned Data Centers, a leading company in technology infrastructure, have announced a significant expansion of their existing senior secured credit facility. This initiative aims to support Aligned’s ongoing growth strategy and accelerate its portfolio development to serve a diverse range of clients better.
The upsize of this credit facility increases BXCI’s total commitments to Aligned to over $1 billion. Importantly, this funding is entirely sourced from accounts managed by BXCI’s Infrastructure & Asset-Based Credit Group, which specializes in providing innovative financing solutions to support businesses. This expanded financing partnership is crucial for Aligned as it navigates the rapidly evolving landscape of technology and customer demands.
Aligned Data Centers is dedicated to scaling its operations and is planning to develop over 5 gigawatts (GW) of additional capacity throughout the Americas. This new funding will enable the company to expedite the construction of these facilities, allowing it to meet surging demand for reliable and efficient data infrastructure.
The investment is particularly timely, given the increasing need for adaptive, sustainable infrastructures that support next-generation workloads—ranging from high-density artificial intelligence (AI) applications to extensive cloud services and enterprise solutions.
With a robust history of successful deployments in strategically chosen, scalable locations, Aligned is uniquely positioned to address the burgeoning demand for AI, cloud, and enterprise services. The company has spent over a decade innovating in both air and liquid cooling technologies, ensuring optimal performance for the most powerful Graphics Processing Units (GPUs).
These advancements not only enhance energy efficiency but also support the high-performance computing capabilities required for modern applications, making Aligned an invaluable partner for companies seeking to harness the power of AI and cloud computing.
KEY QUOTES:
“Our stakeholders are key partners in our journey. We are thankful for their support as we strategically pursue the vast development opportunities driven by AI, cloud, and enterprise services. This issuance is a testament to the market’s confidence in our long-term strategy and the strength of our entire portfolio. It provides us with an efficient capital structure to fuel our long-term growth and continue delivering industry-leading solutions that scale with our customers’ evolving needs.”
Meghan Baivier, Chief Financial Officer at Aligned
“We are thrilled to partner with Aligned, and this financing is consistent with Blackstone’s focus on providing large scale and flexible high-grade capital solutions to support critical digital infrastructure.”
Rick Campbell, Head of U.S. Private High Grade Credit at BXCI
“We are grateful to work with the Aligned team and look forward to continuing to support the company’s infrastructure that powers the digital economy.”
Alex Zoeckler, Senior Associate, Infrastructure & Asset Based Credit at BXCI
