Sep 14, 2023 | Posted by MadalineDunn
EdgeConneX has shared that it has secured $403.8 million in sustainability-linked financing (SLF). This loan is for its 120MW data center campus development in Jakarta, Indonesia.
The deal leverages EdgeConneX's Sustainability Strategy and will reportedly use offshore US dollar borrowing.
It reportedly provides for margin adjustments when the company meets certain key performance indicators. This includes the PUE of its data centers, using renewable energy sources, and achieving safety goals.
Randy Brouckman, CEO and co-founder of EdgeConneX, said: "We are extremely grateful to our customers who are driving the demand for the significant data center capacity expansions necessary to support the digital economy of Indonesia. We are also grateful for our local partners’ support in Jakarta. We couldn’t execute our vision to become Indonesia’s premier data center operator without their capabilities, local relationships, and market expertise that they bring.”
CFO, Joe Harar added: “This financing unlocks increased flexibility and provides EdgeConneX with the rapid funding capacity to support our customers’ custom-built data center solutions globally."
"With nearly $5 billion raised over the last 18 months, we are well established to execute upon our existing data center expansions and strongly positioned to secure land quickly and the necessary resources to support our customers’ data center requirements in the future," Harar commented.
The deal leverages EdgeConneX's Sustainability Strategy and will reportedly use offshore US dollar borrowing.
It reportedly provides for margin adjustments when the company meets certain key performance indicators. This includes the PUE of its data centers, using renewable energy sources, and achieving safety goals.
Randy Brouckman, CEO and co-founder of EdgeConneX, said: "We are extremely grateful to our customers who are driving the demand for the significant data center capacity expansions necessary to support the digital economy of Indonesia. We are also grateful for our local partners’ support in Jakarta. We couldn’t execute our vision to become Indonesia’s premier data center operator without their capabilities, local relationships, and market expertise that they bring.”
CFO, Joe Harar added: “This financing unlocks increased flexibility and provides EdgeConneX with the rapid funding capacity to support our customers’ custom-built data center solutions globally."
"With nearly $5 billion raised over the last 18 months, we are well established to execute upon our existing data center expansions and strongly positioned to secure land quickly and the necessary resources to support our customers’ data center requirements in the future," Harar commented.
