EdgeConneX Secures Additional $1.9 Billion in Sustainability-linked Financing to Support EMEA Digital Infrastructure Expansion

StreetInsider04-11

EdgeConneX strategic finance team garners prestigious Project Finance International Award as it raised over $7 billion in total green investments over the past 2 years HERNDON, Va,--(BUSINESS WIRE)...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2426042254?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-04-11 21:03","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2426042254","market":"us","top_or_hot":-1,"title":"EdgeConneX Secures Additional $1.9 Billion in Sustainability-linked Financing to Support EMEA Digital Infrastructure Expansion","media":"StreetInsider","content":"<div>\n<p>EdgeConneX strategic finance team garners prestigious Project Finance International Award as it raised over $7 billion in total green investments over the past 2 years\n\n HERNDON, Va,--(BUSINESS WIRE)...</p>\n\n<a href=\"https://www.streetinsider.com/dr/news.php?id=23055105\">Source Link</a>\n\n</div>\n","source":"highlight_streetinsider","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>EdgeConneX Secures Additional $1.9 Billion in Sustainability-linked Financing to Support EMEA Digital Infrastructure Expansion</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nEdgeConneX Secures Additional $1.9 Billion in Sustainability-linked Financing to Support EMEA Digital Infrastructure Expansion\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-04-11 21:03 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.streetinsider.com/dr/news.php?id=23055105><strong>StreetInsider</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>EdgeConneX strategic finance team garners prestigious Project Finance International Award as it raised over $7 billion in total green investments over the past 2 years\n\n HERNDON, Va,--(BUSINESS WIRE)...</p>\n\n<a href=\"https://www.streetinsider.com/dr/news.php?id=23055105\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"PFI","symbol_name":"Invesco Dorsey Wright Financial Momentum ETF","start_time":0,"source_url":"https://www.streetinsider.com/dr/news.php?id=23055105","article_id":"2426042254","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2426042254","pubTimestamp":1712840580,"sourceInfo":{"source_id":"highlight_streetinsider","name":"StreetInsider"},"weMediaInfo":null,"summary":"EdgeConneX strategic finance team garners prestigious Project Finance International Award as it raised over $7 billion in total green investments over the past 2 years. EdgeConneX, a pioneer in global Build-to-Suit and Build-to-Density Solutions, announces it secured an additional $1.9 billion in sustainability-linked financing to support its EMEA digital infrastructure expansion. This deal upsized EdgeConneX groundbreaking $2.9 billion in sustainability-linked financing, initially issued in October 2022. The transaction was marked by significant oversubscription from existing and new lenders, while cementing EdgeConneX commitment to the company’s sustainability goals. This transaction elevated the company’s total green investments to over $7 billion over the last two years to support its global digital infrastructure growth.The financing consolidates EdgeConneX extensive portfolio across EMEA, transitioning it from stand-alone project-based funding to a more robust structured corporat","collect":0,"end_time":0,"defaultTopTitle":"streetinsider.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"PFI":"Invesco Dorsey Wright Financial Momentum ETF","BGSX":"Build Acquisition Corp"},"translate_title":"EdgeConneX获得额外19亿美元可持续发展相关融资，支持EMEA数字基础设施扩张","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"PFI":1,"BGSX":0.84},"content_text":"EdgeConneX strategic finance team garners prestigious Project Finance International Award as it raised over $7 billion in total green investments over the past 2 years\n\n HERNDON, Va,--(BUSINESS WIRE)--\nEdgeConneX®, a pioneer in global Build-to-Suit and Build-to-Density Solutions, announces it secured an additional $1.9 billion in sustainability-linked financing to support its EMEA digital infrastructure expansion. This deal upsized EdgeConneX groundbreaking $2.9 billion in sustainability-linked financing, initially issued in October 2022. The transaction was marked by significant oversubscription from existing and new lenders, while cementing EdgeConneX commitment to the company’s sustainability goals. This transaction elevated the company’s total green investments to over $7 billion over the last two years to support its global digital infrastructure growth.\n\nThe financing consolidates EdgeConneX extensive portfolio across EMEA, transitioning it from stand-alone project-based funding to a more robust structured corporate debt package. This latest transaction provides EdgeConneX with enhanced financial flexibility and a greater capacity to support projected growth throughout the EMEA region. With a rapidly growing European footprint of over 20 facilities, EdgeConneX continues to expand its presence in the region, driven by strong global customer demand for cloud and AI infrastructure.\n\nA highlight of this financing arrangement is the inclusion of sustainability-linked margin adjustments. This feature directly ties the interest rate to EdgeConneX achievement of predetermined sustainability objectives, symbolizing the company's deep commitment to achieving carbon neutrality, eliminating its waste and water footprint, and powering its entire data center platform with renewable energy sources by 2030.\n\n“The reception of this transaction reconfirms our status as an industry leading data center developer and operator and reinforces our belief that responsible growth and operational excellence go hand in hand. It showcases our ability to replicate this success on a global scale. This is a significant milestone in our journey towards leading the industry in sustainable practices, and we are excited about the future possibilities this opens up for EdgeConneX and our stakeholders.\" - Joe Harar, CFO, EdgeConneX\n\n“With this latest sustainability-linked financing deal, EdgeConneX is rapidly ascending as one of the largest financing issuers in Europe, underscoring our commitment to sustainability and innovation in the data center sector. Our team's exceptional achievement was accomplished through dedicated efforts in cultivating a broad range of lending relationships, as well as close cooperation with the coordinators, advisors and EQT Infrastructure. This is a testament to the collective team’s expertise and hard work.” - Eelco Holst, Senior Vice President - Corporate Finance, EdgeConneX\n\nIn parallel, EdgeConneX was recognized with the highest ranking in the Structure Research 2023 State of Environmental Impact report, highlighting the company’s deep commitment to efficiency and transparency as it relates to sustainability and the environment.\n\nEdgeConneX also earned two esteemed Project Finance International (PFI) awards, acknowledging its pioneering financing achievements. In a notable double victory, EdgeConneX secured the 2023 Digital Deal of the Year Award, and its joint-venture partner, AdaniConneX, won the APAC Digital Infrastructure Deal of the Year Award. The EdgeConneX Corporate Finance team led the AdaniConneX financing with the Adani Group. The PFI Awards recognition is a capstone to EdgeConneX committed efforts to push the boundaries for digital infrastructure financing and address pressing environmental concerns through actionable sustainability objectives.\n\nFor more information on EdgeConneX and its dedication to sustainable growth and innovation, visit www.edgeconnex.com.\n\nAbout EdgeConneX\n\nBacked by EQT Infrastructure, part of the global investment organization EQT, EdgeConneX provides a full range of sustainable data center solutions worldwide. We work closely with our customers to offer choices in location, scale, and type of facility, from Build-to-Suit to Build-to-Density. EdgeConneX is a global leader in anytime, anywhere, and any scale data center services for a diverse portfolio of industries, including Cloud, AI, Content, Networks, and more. With a mission predicated on taking care of our customers, our people, and our planet, EdgeConneX strives to Empower Your Edge. For more information, please visit edgeconnex.com.\nView source version on businesswire.com: https://www.businesswire.com/news/home/20240411242832/en/\n\nMedia Enquiries: [email protected]\n\nSource: EdgeConneX","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.24.2","shortVersion":"4.24.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2426042254"}