Build-suit and build-to-density solutions provider EdgeConneX has secured an additional US$1.9 billion in sustainability-linked financing to support its EMEA digital infrastructure expansion.
This deal upsized EdgeConneX’s US$2.9 billion sustainability-linked financing, initially issued in October 2022.
The transaction brings EdgeConneX’s total green investments to over US$7 billion over the last two years.
EdgeConneX said the highlight of the financing arrangement is the “inclusion of sustainability-linked margin adjustments.”
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“This feature directly ties the interest rate to EdgeConneX achievement of predetermined sustainability objectives, symbolising the company’s deep commitment to achieving carbon neutrality, eliminating its waste and water footprint, and powering its entire data centre platform with renewable energy sources by 2030,” it said.
This [deal] 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,” said EdgeConneX CFO Joe Harar.
“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,” said EdgeConneX senior vice president Eelco Holst.
EdgeConneX’s 20 data centres are headquartered in EMEA across the Netherlands, Spain, Belgium, Ireland, Germany, Israel, and Poland.
Future facilities are planned in Germany and Turkey, according to reports.