Global data center provider EdgeConneX announced that it has secured $1.9 billion in sustainability-linked financing, with proceeds aimed at supporting its digital infrastructure expansion in EMEA, and with interest rates tied to the achievement of the company’s environmentalEnvironmental criteria consider how a company performs as a steward of nature. sustainability goals.
Founded in 2009, EdgeConneX provides data center solutions ranging from 40kW to 100MW. The company was acquired by EQT Infrastrcuture in 2020. The new transaction builds on an initial $2.9 sustainability-linked financing announced by the company in 2022, and transitions it from stand-alone project-based funding to a more robust structured corporate debt package.
According to EdgeConneX, the new financing includes sustainability-linked margin adjustments, which ties interest rates on the debt to the company’s sustainability-linked margin adjustments. EdgeConneX’ environmentalEnvironmental criteria consider how a company performs as a steward of nature. sustainability goals include becoming a carbon-, waste-, and water-neutral data center provider, and developing and operating a data center platform powered by 100% renewable energy by 2030.
EdgeConneX said that the transaction was significantly oversubscribed from both existing and new lenders.
EdgeConneX CFO Joe Harar said:
“The reception of this transaction reconfirms our status as an industry leading data center 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.”