Aligned Energy LLC received a $1 billion loan package to refinance debt. TD Securities was administrative agent.
The arranger group comprised TD Securities, Goldman Sachs, Deutsche Bank, Citizens Capital Markets and Nomura Securities. ING was the sustainability structuring agent.
Financing comprised a $250 million revolver, $100 million delayed draw term loan and a $650 million term loan. Loans mature in three years, with two one-year extensions possible.
With the real estate financing, Aligned Energy refinanced a data center portfolio comprising four U.S. sites. The transaction is the first sustainability-linked data center financing in the U.S., sources said. Pricing step-downs are linked to environmental and sustainability operating targets, sources said.
Plano, Texas-based Aligned Energy is a data center provider offering sustainable colocation and solutions for cloud, enterprise and managed service providers. The company is backed by Macquarie Infrastructure and Real Assets.