By Marisa Wong
Los Angeles, Nov. 21 – Scala Data Centers announced a new issuance of six-year green debentures worth $215 million, according to a press release.
The securities were issued in Brazilian reais with a swap for U.S. dollars, to maintain the debt issuance in the same currency as the contracts established between the company and its clients – a protection against possible exchange rate fluctuations, the company noted.
The funds from these debentures will be allocated to the construction of data centers in Brazil. The company’s new IT infrastructures will be built with maximum energy efficiency, an average annual PUE (Power Usage Effectiveness, an index that measures energy efficiency) of less than 1.45. The strategy includes 100% of data centers powered by certified renewable energy, in a completely carbon-neutral operation, in line with Scala’s portfolio.
The company said the transaction represents the second largest issuance of its type carried out by the data center sector in Brazil, only behind Scala itself, reflecting the company’s non-negotiable commitment to sustainability and the growth of highly efficient, scalable and long-term digital infrastructure.
Scala said that given the sustainable actions underway since its founding, it was able to issue green debentures instead of sustainability-linked bonds, which are tied to future fulfillment. The company currently has a portfolio of data centers with the lowest PUE in Latin America and operates with carbon neutrality, in addition to professional and educational qualification initiatives in the communities where it operates.
The company’s second issuance of green debentures had Bradesco BBI as lead coordinator, along with UBS BB as coordinator.
As previously reported, in December 2022 the company carried out its first issue of green debentures worth R$2 billion, which were used as part of the resources to finance the company’s expansion plan. At the time, the operation was classified as the largest ever carried out in Brazil and the first of its kind in the data center sector in the country.
Brazil-based Scala was founded by DigitalBridge and provides sustainable data centers.
| Issuer: | Scala Data Centers
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| Amount: | $215 million
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| Issue: | Green debentures, second issue
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| Tenor: | Six years
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| Coordinators: | Banco Bradesco BBI (lead), UBS BB
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| Announcement date: | Nov. 21
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