EdgeConneX, a top international provider of a comprehensive range of data centre solutions, has received a delayed draw sustainability-linked lending facility commitment from funds managed by Ares Management Corporation’s Infrastructure Debt strategy, the company announced today.
With the help of the new loan arrangement, which allows for a commitment of up to $1 billion, EdgeConneX will be able to pay off its existing debt as well as finance the development and construction of its expanding pipeline of projects.
The facility also has a sustainability-linked margin adjustment, which links the interest rate that must be paid to EdgeConneX’s achievement of specific sustainability goals.
These goals will be in line with EdgeConneX’s all-encompassing “Customer, People, and Planet” ESG sustainability strategy. By 2030, EdgeConneX intends to be a provider of carbon-, waste-, and water-neutral data centres and to build and run a data centre platform that uses only renewable energy.
EdgeConneX, a company founded in 2009 with financial support from EQT, manages powerful, custom-built digital infrastructure for clients, from Hyperlocal Edge facilities to Hyperscale data centre complexes.
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