What Does US$2.58bn Boost Mean for Aligned Data Centers?

Aligned Data Centers is strengthening its US expansion strategy after closing a $2.58bn credit facility designed to support the growth of its data centre portfolio.

The new revolving credit facility – referred to as the Devco Facility – is backed by institutional investors, including insurance firms and pension funds. It is secured against an initial group of six operational and development-stage data centre assets within Aligned’s US footprint.

With an initial term of three years and options to extend, the structure is designed to support later-stage development projects. This allows Aligned to bring new capacity online while maintaining flexibility in how it finances expansion.

“This innovative revolving credit facility – supported by insurance, pension fund and other institutional capital – will unlock additional borrowing capacity and provide flexibility as we scale,” says Andrew Schaap, CEO of Aligned Data Centers, writing on LinkedIn. 

“Establishing this facility also shows the strength of our business and the market's confidence in what we're building.

“It's the kind of funding that allows us to keep expanding while diversifying our funding sources, preserving equity, and optimising our capital structure. And it's all in service of delivering adaptive data centre infrastructure that scales alongside our customers' needs.”

Financing data centre scale

As demand for digital infrastructure grows, access to capital remains central to how operators deliver new data centre capacity. Facilities designed for AI and HPC workloads require high-density infrastructure, including advanced power distribution and cooling systems, which increases upfront investment.

Aligned’s approach uses institutional capital markets to fund these later-stage assets, helping the company diversify funding sources while preserving equity. This model enables continued development without relying solely on traditional financing routes.

Meghan Baivier, Chief Financial Officer of Aligned Data Centers, explains how the facility supports expansion: “This innovative Devco Facility unlocks substantial additional borrowing capacity, serving as a powerful catalyst to drive Aligned’s continued growth.

“At Aligned, we are deeply focused on cultivating strong partnerships that are enduring in nature. We are incredibly excited to continue our relationship with the institutional lending community as we look to grow in the future. This structure represents a completely new tool in our toolkit, giving us enhanced flexibility as we scale our operations to meet growing customer demand.”

Meghan also highlights the role of investor confidence in enabling the transaction: "The strong response from the lending community and our ability to successfully establish this debt facility reflects the fundamental strength of our business and the market’s belief in our continued trajectory."

Supporting high-demand workloads

The facility is structured to scale alongside Aligned’s development pipeline, with the company planning to increase borrowing capacity as additional assets are added.

This reflects rising demand for data centre infrastructure driven by cloud services, AI and data-intensive applications.

By optimising its capital structure and expanding funding options, Aligned is positioning itself to deliver new facilities at pace while maintaining operational flexibility.