EdgeConneX secures $1.9B in sustainability-linked financing for EMEA expansion

April 12, 2024
With this latest investment, the company has raised over $7 billion in total green investments over the past two years.

EdgeConneX has completed a $1.9 billion sustainability-linked financing round to support its expansion into the EMEA digital infrastructure market. This deal upsized EdgeConneX's groundbreaking $2.9 billion sustainability-linked financing, initially issued in October 2022.

According to the company, the transaction was marked by significant oversubscription from existing and new lenders, cementing EdgeConneX’s commitment to its sustainability goals. This latest funding elevated the company’s total green investments to over $7 billion over the last two years to support its global digital infrastructure growth. 

This latest investment round will consolidate EdgeConneX's extensive portfolio across EMEA, transitioning it from stand-alone project-based funding to a more robust structured corporate debt package. Additionally, EdgeConneX will have enhanced financial flexibility and a greater capacity to support projected growth throughout the EMEA region.

Europe has been a key growth focus for EdgeConneX. The provider currently has over 20 facilities in EMEA and has continued to expand its presence in the region, driven by strong global customer demand for cloud and AI infrastructure.  

One of the key elements of this financing arrangement is that it includes sustainability-linked margin adjustments. This feature directly ties the interest rate to EdgeConneX's achievement of predetermined sustainability objectives, symbolizing the company’s deep commitment to achieving carbon neutrality, eliminating waste and water footprint, and powering its entire data center platform with renewable energy sources by 2030.  

“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 center sector,” said Eelco Holst, SVP of corporate finance for EdgeConneX. “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’s sustainability efforts continue to gain recognition. The company was recognized with the highest ranking in the Structure Research Report, highlighting its commitment to efficiency and transparency regarding sustainability and the environment. 

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