The company’s latest debt raise will finance construction of a ‘waterless’ data center in Salt Lake City, and other projects
Aligned Energy LLC is raising about $1.25 billion in debt, which will fund the data-center company’s expansion amid rising demand for sustainable infrastructure.
The privately held company, founded in 2013 and based in Plano, Texas, expects to close the funding round later this month, according to Aligned Chief Executive Andrew Schaap. Lenders in the $1.25 billion debt financing include TD Securities USA LLC, Goldman Sachs Bank USA and Deutsche Bank AG.
Aligned in 2020 raised $1 billion in debt financing to accelerate its sustainability initiatives. Its primary investor is Macquarie Infrastructure and Real Assets, a unit of Australian asset manager Macquarie Group.
Read More: The Wall Street Journal