Aligned Closes $1 Billion Credit Facility and First-ever U.S. Data Center Sustainability-linked Financing

Dallas-based data center provider Aligned announced completion of a $1 billion senior secured credit facility that is the first U.S. data center sustainability-linked financing. The facility is one of the largest private debt raises in data center history, consisting of a $650 million term loan, a $100 million delayed draw term loan and a $250 million revolving credit facility. Aligned engaged TD Securities as the administrative and collateral agent, Goldman Sachs Lending Partners LLC as the syndication agent and ING Capital LLC as the sustainability structuring agent. TD Securities, Goldman Sachs Bank USA, Citizens Bank, N.A., Deutsche Bank AG, New York Branch and Nomura Securities International, Inc. served as joint bookrunners and joint lead arrangers for the facility. “Aligned’s latest sustainability-linked financing accelerates our goal to set a best-in-class example for the data center industry with respect to environmentally and socially sustainable growth,” said Anubhav Raj, CFO, Aligned. “Sustainable practices and principles permeate every facet of Aligned’s organization; aligning these initiatives with our financing further demonstrates an industry-leading commitment to environmental stewardship.” “As experts in sustainable finance, ING identified Aligned’s potential early on as a leader committed to solving sustainability challenges associated with data center infrastructure,” said Pim Rothweiler, regional head for technology, media and telecom, ING Americas. “Following the company’s rapid growth over the last few years, ING was able to bring its deep expertise in the sector and sustainable finance to be named the sustainability coordinator for this landmark deal, a first of its kind. We look forward to working with Aligned in the future as it continues to meet its sustainability targets.” The first-of-its-kind facility in the U.S. data center sector provides Aligned with additional capital to accelerate corporate, customer and community-related sustainability initiatives as well as short and long-term growth objectives. Aligned’s sustainability-linked financing is tied to the company’s core environmental, social and governance (ESG) objectives, and key performance indicators (KPIs). Earlier this year, Aligned elevated its commitment to environmental stewardship and sustainability by matching 100 percent of the IT loads across its data center portfolio with certified renewable energy. The company was also named a 2020 Green Lease Leader by the Department of Energy’s Better Buildings Alliance and the Institute for Market Transformation. Aligned’s Delta3 cooling technology utilizes up to 80 percent less energy and 85 percent less water, significantly reducing environmental impact and allowing customers to expand on demand without stranding capacity, which also improves sustainability. “I couldn’t be prouder of our team’s achievements and operational strength, culminating in an ability to continue championing a slew of firsts for the data center industry,” said Andrew Schaap, CEO, Aligned. “That sentiment is recognized and echoed in this latest and unprecedented round of financing, which provides Aligned the ability to keep expanding our data center portfolio. This includes land acquisition in key U.S. and international regions to address the heightened data center demand of our marquee clients, as well as expediting the expansion of existing data center campuses.”

Bob Rowling on PGA Project: “There’s Not Going to Be Anything Like It.”

The dream team behind the new PGA headquarters resort gathered in Frisco last night to give an update on the 600-acre development. The invite-only event featured three discussions moderated by Dave Marr III of SirusXM’s PGA Tour Radio. Among the featured speakers: PGA of America CEO Seth Waugh, golf course architects Gil Hanse and Beau Welling, World Golf Hall of Famer Lee Trevino (who was uproariously funny) and his mentor Bill Eschenbrenner, and Bob Rowling, chairman and CEO of TRT Holdings, which owns Omni Hotels. Click to read more at www.dmagazine.com.

Dallas’ Bank of America Plaza, Downtown’s Tallest Skyscraper, is For Sale

The 72-story Bank of America Plaza is the second-tallest building in Texas and one of the five skyscrapers with the most floors west of the Mississippi. The 1.85 million-square-foot Main Street office tower outlined with miles of green lights has been owned since 1998 by Metropolis Investment Holdings, a Chicago-based real estate firm that manages assets for a German family investment group. Click to read more at www.dallasnews.com.

Roger Staubach Partners Up With The Dallas Cowboys Again, This Time For Real Estate

If you live in North Texas, you pretty much worship the Dallas Cowboys, and the team’s most famous quarterback, Roger Staubach. Starting next year, Cowboys fans can live right next door to their dream team’s 91-acre world headquarters and practice facility in Frisco, Texas, about 28 miles north of Dallas. Even better news: the $62.5 million project is being developed through a joint venture with Roger Staubach, one of the most famous players in football history, Cowboys current owner Jerry Jones, and former Cowboys center Robert Shaw, a Dallas-based developer. Click to read more at www.forbes.com.

New Developments Coming to International Business Park

Billingsley Co. is constructing an addition to International Business Park in Carrollton and Plano that will include five office buildings and a shared amenities center.

Located at 6161 Plano Pkwy., the project is spearheaded by the first building, a speculative, four-story plan that contains office space and the amenities center. The five new buildings will range from 180,000 to 211,000 square feet each, with a total footprint of 967,000 square feet.

According to Billingsley partner Lucy Burns, the new campus will feature private outdoor space for the first-floor tenants, and will come at a cost of less than $25 per square foot. Peloton Commercial Real Estate’s Trevor Franke and Gini Dibrell will be leasing the projects for Billingsley.

Read more at www.dmagazine.com

Frisco City Council approves purchase of Brinkmann Ranch land for large community park

Frisco City Council approved purchasing a portion of 390 acres on Brinkmann Ranch on Tuesday for the development of park land with athletic fields.

The city is purchasing the land, located on the southwest corner of Panther Creek Parkway and Preston Road, with the Frisco Community Development Corp. The Frisco Economic Development Corp. may also contribute to the purchase of the park land, which will total about $61 million.

Read more at Community Impact Newspaper