Aligned Data Centers raises $1.1 billion in debt securitisation

What's the deal? Aligned Data CentersDealroom has a profile for this one. Try Dealroom → has raised $1.1 billion through a debt securitisation, structured as a master trust.

The company will use the proceeds to repay all outstanding series of notes. Unlike prior issuances, the deal does not share identical collateral.

Why now? The financing, announced in June 2026, lets Aligned refinance its existing debt under a single, more flexible structure.

It arrives amid a busy stretch for asset-backed securities, with recent deals from Sallie Mae, Global Jet, and Deephaven coming to market.

What could go wrong? The structure includes a delinquency test. If delinquent loans exceed 5% of the portfolio's average loan balance, excess cash must pay down the notes sequentially.

The signal: As a late-stage operator serving hyperscale and enterprise clients, Aligned's move to consolidate its notes under a single master trust reflects how capital-intensive data centre players are reaching for more flexible financing structures to keep pace with surging compute demand.

Image credit: NeoSpire