Posse Herrera Ruiz acted as legal counsel to Aligned Data Centers International, LP on the upsize of certain credit agreement originally obtained for the financing of the acquisition of Odata a leading data center provider with presence in Colombia, Brazil, México, and Chile, as well as additional data centers currently under development across Latin America.
Odata is among the fastest growing hyperscale data center platforms in Latin America, and the transaction positions Aligned among the largest private data center operators in the region, with a footprint spanning in excess of 2.5 GW of critical capacity across over 40 data centers at full buildout.
The financing was originally obtained through a secured credit agreement governed by the laws of New York. The credit agreement comprised a term loan and a delayed draw loan facility for up to USD $1,225,000,000. The upsize of the delayed draw loan facility by USD $1,025,500,000 has brought the new total amount of the commitments to USD $2,250,500,000.