EdgeCore Internet Real Estate, LLC: Edgecore completes $440 million debt financing deal

Mar 14, 2024 | Posted by Abdul-Rahman Oladimeji

EdgeCore Digital Infrastructure has completely secured a $440 million debt financing deal for its Silicon Valley data center buildout. This deal along with a $1.9 billion deal secured in January, were both structured as Green Loans, with ING Capital LLC as the sole Green Loan Structuring Agent.

Julie Brewer, EdgeCore's EVP of finance said, "Continuing the pace of rapid growth and development EdgeCore established in 2023, we leveraged the template set by our debt financing announced in January to quickly close the $440m transaction being reported today. This funding will be put to immediate use in our Silicon Valley market to meet the critical capacity needs of hyperscale customers searching for single tenant data centers built to accommodate high-density space and power requirements."

Fentress Boyse, manager at EdgeCore-owner Partners Group added, "Today's announcement of the sustainable construction financing secured for EdgeCore's Santa Clara campus follows the highly successful Green Loan template utilized to expand development of the company's Phoenix campus earlier this year. The robust demand for the financing validates EdgeCore's execution capabilities, strong sponsorship, differentiated capital mobilization playbook, and bright future."