EdgeConneX executes $3.3 billion sustainability-linked financing

By Marisa Wong

Los Angeles, March 23 – EdgeConneX announced the execution of $3.3 billion of sustainability-linked financing, according to a Thursday press release.

In October, EdgeConneX reached financial close of a €2.4 billon sustainability-linked refinancing arranged across three tranches: a term loan, a CapEx facility and a revolver, providing an optional line of credit if needed.

Beyond consolidating its pan-EMEA portfolio, this refinancing allowed the company to transition from standalone project financing to a structured corporate debt package, which unlocked more flexibility and funding capacity to support anticipated growth across the region.

Separately, in June 2022 funds managed by Ares Management’s infrastructure debt strategy committed a $1 billion delayed-draw sustainability-linked global debt facility to EdgeConneX, as previously reported.

Both facilities include sustainability-linked margin adjustments. The interest rate payable is directly correlated to EdgeConneX achieving specific pre-determined sustainability targets. These targets align with the company’s ESG sustainability strategy, which includes a goal of becoming a carbon-, waste- and water-neutral data center provider by 2030 and developing and operating a data center platform powered by 100% renewable energy.

EdgeConneX is a data center developer based Herndon, Va.

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