Aligned Infrastructure secures $1.18 billion in asset-backed securities financing, validating data center cash flows as bankable collateral for the sector.
Aligned Data Centers has secured US$1.183bn through an asset-backed securities (ABS) issuance, providing fresh capital to expand its hyperscale data centre portfolio and refinance debt. The financing marks Aligned's first ABS transaction since 2023 and exceeded expectations, with the deal increasing by around 30% from its original US$905m target following strong demand from institutional investors.
The proceeds will support the company's development pipeline, refinance upcoming debt maturities and meet mandatory reserve account requirements. The securitisation is backed by four Aligned data centre campuses, with income generated from 14 enterprise customers. More than 90% of the transaction's Annualised Adjusted Base Rent comes from large investment-grade counterparties, providing investors with long-term contracted revenue from mission-critical digital infrastructure.
The financing is structured across Class A-2-I and Class B ABS notes, both with five-year Anticipated Repayment Dates, extending Aligned's weighted average debt maturities while broadening its institutional investor base.
Meghan Baivier, Chief Financial Officer of Aligned, commented: "Our continuous growth is fuelled by a relentless commitment to innovation, operational excellence and customer success, balanced by a deep dedication to responsible development and our local communities. Our capital partners are the bedrock of this strategy, and we thank them for their continued trust in our platform and technology. As a private company focused on long-term infrastructure opportunities, we appreciate the continued support from the ABS market as our portfolio matures and expands."
The oversubscribed transaction attracted commitments from investors that were new both to Aligned and to the wider data centre ABS market, reflecting institutional investor appetite for data centres as a long-term infrastructure asset class supported by stable customer contracts and rising demand for cloud and AI computing capacity. For Aligned, the additional capital provides flexibility to continue expanding its portfolio while managing existing debt obligations.
The company develops and operates data centres designed for hyperscale, cloud and AI workloads, where demand for capacity continues to accelerate. The transaction highlights the strength of investor interest in digital infrastructure assets with long-term contracted revenues and demonstrates the continued development of the data centre ABS market, with new institutional investors entering the sector alongside established participants.