Data center provider Aligned recently established a newly created data center ABS platform. In addition, a wholly owned subsidiary of Aligned issued $1.35 billion in securitized notes thereunder, which is the largest-ever inaugural data center securitization.

The securitized notes also hold the distinction of being the first-ever green data center securitization, which has been issued under the Aligned Green Finance Framework, and externally verified by Sustainalytics. The securitized notes include $1.05 billion of term notes that are rated investment grade at A- by Standard & Poor’s, $150 million of term notes that are rated investment grade at BBB by Standard & Poor’s and $150 million variable funding notes that are rated investment grade at A- by Standard & Poor’s.

“Aligned’s issuance of $1.35 billion in securitized notes, the largest-ever inaugural, and industry-first green data center securitization, represents yet another major milestone in a series for our organization,” says Anubhav Raj, Aligned chief financial officer.

Guggenheim Securities LLC acted as sole structuring adviser and joint active bookrunning manager for the securitized notes. Deutsche Bank Securities, Goldman Sachs & Co. LLC and Wells Fargo Securities also acted as joint active bookrunning managers for the term notes. Aligned engaged ING as sustainability agent and co-manager, and Citi, Citizens Capital Markets, Nomura and TD Securities as co-managers for the term notes.