Pranav Hotkar
Dallas, United States - March 26, 2026 - Aligned Data Centers has closed a USD 2.58 billion revolving credit facility to support the expansion of its U.S. data center footprint as demand for AI and hyperscale infrastructure continues to rise.
The financing, structured as a “Devco Facility,” is backed by a group of institutional investors, including insurance companies and pension funds, highlighting sustained capital market interest in large-scale digital infrastructure assets.
The facility is secured against an initial pool of six operational and late-stage development assets within the company’s U.S. portfolio. It carries an initial three-year term, with options to extend for an additional two years.
According to the company, the structure is designed to fund later-stage development while aligning with investment-grade capital treatment, enabling greater financial flexibility as it scales capacity across key markets.
“This innovative Devco Facility unlocks substantial additional borrowing capacity and serves as a powerful catalyst for our continued growth,” said Meghan Baivier, Chief Financial Officer at Aligned Data Centers.
The company added that strong participation from institutional lenders reflects confidence in its development strategy, particularly as AI-driven workloads reshape infrastructure requirements and drive demand for high-density, scalable facilities.
Aligned said the facility will allow it to diversify funding sources while preserving equity and optimizing its capital structure, an approach increasingly adopted by large data center developers seeking to balance rapid expansion with financial discipline.
The financing comes amid a broader surge in investment across the data center sector, driven by hyperscale cloud providers and enterprises scaling infrastructure to support artificial intelligence and high-performance computing applications.
Aligned Data Centers operates across multiple U.S. markets, delivering hyperscale, enterprise, and build-to-scale facilities designed to meet evolving customer requirements.
The latest credit facility underscores how structured financing is becoming a critical enabler for developers racing to build next-generation, AI-ready data center infrastructure at scale.
