Part of the latest deal includes sustainability-linked margin adjustments, which directly tie the interest rate to EdgeConneX’s achievement of predetermined sustainability objectives.
Global data centre operator, EdgeConneX, has secured an additional $1.9 billion in sustainability-linked financing to support its EMEA digital infrastructure expansion.
EdgeConneX SVP Corporate Finance, Eelco Holst, said, “With this latest sustainability-linked financing deal, EdgeConneX is rapidly ascending as one of the largest financing issuers in Europe, underscoring our commitment to sustainability and innovation in the data centre sector. Our team’s exceptional achievement was accomplished through dedicated efforts in cultivating a broad range of lending relationships, as well as close cooperation with the coordinators, advisors and EQT Infrastructure.”
EdgeConneX CFO Joe Harar, said, “The reception of this transaction reconfirms our status as an industry leading data centre developer and operator and reinforces our belief that responsible growth and operational excellence go hand in hand.”
“It showcases our ability to replicate this success on a global scale. This is a significant milestone in our journey towards leading the industry in sustainable practices, and we are excited about the future possibilities this opens up for EdgeConneX and our stakeholders,” Joe added.
Part of the latest deal includes sustainability-linked margin adjustments. This feature directly ties the interest rate to EdgeConneX achieving predetermined sustainability objectives. While PUE measures sometimes do not work that well for operational data and multitenant data centres, to its credit, EdgeConneX is also looking to eliminate its waste and water footprint as it moves to powering its entire data centre platform with renewable energy sources by 2030.
The latest deal, which was marked by significant oversubscription from existing and new lenders, adds to EdgeConneX’s $2.9 billion in sustainability-linked financing, initially issued in October 2022.
