EcoDataCenter raised €170 million in debt financing

Swedish data center firm EcoDataCenter has raised €170 million ($184.3m) in debt financing from a consortium of banks comprising KfW IPEX and Kommunalkredit as global coordinators and mandated lead arrangers, and Investec and NIBC as mandated lead arrangers. This fund will be used to “enhance the capabilities” of EcoDataCenter's campus in Falun, EcoDataCenter 1.

Peter Michelson, CEO at EcoDataCenter, "This funding is a critical component of our growth strategy and a testament to the exciting journey we are on with the support of significant partners from global capital markets.”

EcoDataCenter currently has five data centers across three sites in Falun, Piteå, and Stockholm in its portfolio. Earlier this year the company also announced plans for a new 150MW campus, known as EcoDataCenter 2, in Östersund, Sweden.