EdgeCore Secures $235 Million in ABS Financing

US data center firm EdgeCore Digital Infrastructure this week announced the completion of an asset-backed securitization (ABS), totaling $235 million. Proceeds will be used to refinance construction loans and fund future green data center development.

"EdgeCore's rapid, exponential growth continues to be supported by the strong financial backing of our owner, Partners Group, and our ability to raise funds through various financing strategies," said Lee Kestler, CEO, EdgeCore Digital Infrastructure. "Today's announcement of a significantly oversubscribed, $235 million asset-backed securitization and establishment of a corresponding master trust is a strong first step in a series of ABS issuances which will fund the development of high-density data center campuses across our portfolio."

"We prioritized the inclusion of green bonds in this $235 million ABS transaction as part of EdgeCore's commitment to designing and operating green data center campuses," said Julie Brewer, EVP of Finance, EdgeCore Digital Infrastructure. "The strength of the S&P ratings associated with this securitization are proof that the financial market continues to see value and stability in EdgeCore and the data center industry as a whole."