Netrality secures $380 million SLL for upgrade efforts

US data center operator Netrality has secured a $380 million sustainability-linked loan (SLL) to help make its data halls more energy efficient. The loan facility will be paid in US data center operator Netrality has secured a $380 million sustainability-linked loan (SLL) to help make its data halls more energy efficient. Achievement of set annual targets relating to energy-efficient capital expenditures and reduction in portfolio PUE will also determine interest payment rates.

Gerald M. Marshall, Netrality CEO, said, “We are thrilled to announce the successful closing of a sustainability-linked loan, marking a significant milestone in our journey toward a more sustainable future. With this loan, we are making a significant step in accomplishing our broader environmental commitments, encompassing carbon emission reductions, energy efficiency, and responsible water usage.”

Amy West, global head of ESG solutions, at TD Securities, added, "TD Securities was pleased to support Netrality as a sustainability structuring agent on the sustainability-linked credit facility. Decarbonization of digital infrastructure is critical to advancing the low-carbon economy and Netrality's commitment to creating sustainable data center environments furthers this objective.”