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Blackstone Credit & Insurance and Aligned Data Centers Expand Financing Partnership, Surpassing $1 Billion in Commitments

via Business Wire

Blackstone Credit & Insurance (“BXCI”) and Aligned Data Centers, a leading technology infrastructure company offering innovative, sustainable and adaptive Scale Data Centers and Build-to-Scale solutions for global hyperscale, AI/HPC, and enterprise customers, today announced the successful upsize of their existing senior secured credit facility to fund Aligned’s continued growth and accelerate its portfolio strategy. The upsize brings BXCI commitments to Aligned to over $1 billion and is committed entirely by accounts managed by BXCI’s Infrastructure & Asset Based Credit Group.

The expanded financing partnership supports Aligned’s rapid growth and accelerates the development of the company’s planned 5+ GW of future capacity across the Americas. The investment also positions Aligned to better meet surging demand for adaptive, sustainable and future-ready infrastructure supporting next-generation workloads ranging from high-density AI implementation, to cloud, and enterprise applications.

“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,” said Meghan Baivier, Chief Financial Officer at Aligned. “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.”

“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,” said Rick Campbell, Head of U.S. Private High Grade Credit at BXCI.

Alex Zoeckler, Senior Associate, Infrastructure & Asset Based Credit at BXCI, said, “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.”

Aligned is uniquely positioned to address the growing demand for AI, cloud, and enterprise services, leveraging its history of successful deployments in scalable locations and over a decade of innovation in both air and liquid cooling solutions optimized for the most powerful Graphics Processing Units (GPUs).

About Aligned Data Centers

Aligned Data Centers is a leading technology infrastructure company offering innovative, sustainable, and adaptive Scale Data Centers and Build-to-Scale solutions for global hyperscale, AI/HPC, and enterprise customers. Our intelligent infrastructure allows densification and vertical growth within the same footprint, enabling customers to scale up without disruption, all while maintaining industry-leading Power Usage Effectiveness (PUE). By reducing the energy, water and space needed to operate, our data center solutions, combined with our patented cooling technology, offer businesses a competitive advantage by improving sustainability, reliability, and their bottom line. For more information, visit www.aligneddc.com and connect with us on Twitter, LinkedIn and Facebook.

About Blackstone Credit & Insurance

Blackstone Credit & Insurance (“BXCI”) is one of the world’s leading credit investors. Our investments span the credit markets, including private investment grade, asset based lending, public investment grade and high yield, sustainable resources, infrastructure debt, collateralized loan obligations, direct lending and opportunistic credit. We seek to generate attractive risk-adjusted returns for institutional and individual investors by offering companies capital needed to strengthen and grow their businesses. BXCI is also a leading provider of investment management services for insurers, helping those companies better deliver for policyholders through our world-class capabilities in investment grade private credit.

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