EdgeCore Digital wraps $1.9 billion debt financing for data center

Chicago, Jan. 4 – EdgeCore Digital Infrastructure completed a $1.9 billion debt financing in the form of a green loan, according to a press release.

The financing is comprised of a limited-recourse senior secured term loan, a revolving senior secured letter-of-credit facility, and an accordion feature that will fund future development.

The transaction was led by a consortium of coordinating lead arrangers including MUFG, TD Securities, ING Capital LLC, Scotia Bank, and Santander. MUFG served as administrative agent.

ING Capital LLC was the sole green loan structuring agent.

Davis Polk Watson served as borrower’s/sponsor’s counsel, and Milbank served as underwriters' counsel.

Proceeds will be used to fund scalable development on the company’s data center campus in Mesa, Ariz.

Based in Broomfield, Colo., EdgeCore Digital Infrastructure serves cloud and internet companies with both ready-for-occupancy and build-to-suit data center campuses that are designed for density. The company was acquired by Partners Group in November 2022.

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