Transforming Network Infrastructure Industry News




TMCNet:  Aligned Exceeds Core ESG Objectives and Increases Sustainability-Linked Credit Facility to $1.25 Billion

[July 21, 2021]

Aligned Exceeds Core ESG Objectives and Increases Sustainability-Linked Credit Facility to $1.25 Billion

DALLAS, July 21, 2021 (GLOBE NEWSWIRE) -- Aligned, a leading data center provider offering innovative, sustainable and adaptable colocation and build-to-scale solutions for cloud, enterprise, and managed service providers, announces it has increased its senior secured credit facility, the first-ever U.S. data center sustainability-linked financing, by $250 million to $1.25 billion. TD Securities (USA) LLC, Goldman Sachs Bank USA, Deutsche Bank AG, New York Branch, Wells Fargo Securities, LLC, Citizens Bank, N.A., and Nomura Securities International, Inc. acted as joint bookrunners and joint lead arrangers for the facility, which is one of the largest private debt raises in data center history. Aligned engaged TD Securities (USA) LLC as the administrative and collateral agent; Goldman Sachs Lending Partners LLC as the syndication agent; and ING Capital LLC as the sustainability structuring agent.

“Aligned’s credit facility upsizing will provide increased financial capacity and flexibility to support the expansion of our data center portfolio in step with rising demand and further development of our core sustainability initiatives,” states Anubhav Raj, CFO, 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.”

Aligned met and successfully exceeded all the requirements of the $1 billion sustainability-linked credit facility issued in September 2020. 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 math 100% of Aligned's annual energy consumption to zero-carbon renewable energy by 2024; aligning the company's ESG reporting efforts with a global standard and ensuring ESG disclosure for Aligned stakeholders; and a commitment to having and reporting on a Total Recordable Incident Rate (TRIR) with respect to workplace safety.

“Among sophisticated hyperscale and enterprise companies, sound environmental stewardship is now a top-of-mind concern,” says Andrew Schaap, CEO of Aligned. “While no one company or organization can solve the world’s sustainability challenges, Aligned’s adaptive data center platform is instrumental in reducing environmental impact while lowering the total cost of ownership for customers — a win-win — and it’s gratifying that our relationship banks and investors recognize this by facilitating our ability to respond to continuously increasing demand.”

Aligned and ING Capital received the Environmental Finance 2021 Bond Award for the “Highly Commended, Sustainability-Linked Loan of the Year.” The Environmental Finance 2021 Bond Awards honor the market participants and leading sustainability-linked bonds and loans for their thought leadership, best practice or innovation.

About Aligned
Aligned is an infrastructure technology company that offers adaptable colocation and build-to-scale solutions to cloud, enterprise, and managed service providers. 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.alignedenergy.com/ and connect with us on?Twitter,?LinkedIn?and?Facebook.

Press and Analyst Inquiries
Jennifer Handshew
jennifer@180-mktg.com
Mobile: +1 (917) 359-8838

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/f1d5e1f1-5553-488c-bbd1-97dcde03b1ab


Primary Logo


[ Back To Transforming Network Infrastructure's Homepage ]






Click here to share your opinion – Would color of equipment influence your purchasing decision, one way or another?





Featured Blog Entries

Day 4, Cisco Live! - The Wrap

Day 4 was the final day of our first ever Cisco Live! We had a great show, with many great conversations and new connections with existing and potential end users, resellers, partners and job hunters.

Day 3, Cisco Live!

Day 3 of Cisco Live is history! For Fiber Mountain, we continued to enjoy visits from decision makers and influencers who were eager to share their data center and structured cabling challenges.

Day 2, Cisco Live!

Tuesday was Day 2 of Cisco Live for Fiber Mountain and we continued to experience high levels of traffic, with many high value decision makers and influencers visiting our booth. One very interesting difference from most conferences I attend is that there are no titles on anyone's show badges. This allows open conversations without people being pretentious. I think this is a very good idea.

Day 1, Cisco Live!

Fiber Mountain is exhibiting at Cisco Live! In Las Vegas for the first time ever! Our first day was hugely successful from just about any perspective - from quantity and quality of booth visitors to successful meetings with customers.

Industry News