equipment carries up to €525 million in dedicated debt financing and a further €200 million uncommitted accordion
Financing will deliver AtlasEdge with capital to build new demand-led, effective, and sustainable sites across Europe as well as executing extra strategic M&A
Sustainability-linked facility has been underwritten by using mandated lead arranger ING and a syndicate of other true-tier lenders
LONDON, united kingdom, April 25, 2023--(enterprise WIRE)--AtlasEdge, a number one pan-European area facts centre company, nowadays proclaims that it has secured a scalable €725 million facility underwritten by means of mandated lead arranger ING bank, as well as ABN Amro, Crédit Agricole CIB, The financial institution of Nova Scotia, countrywide Westminster bank Plc, Banco Santander and UniCredit bank AG.
The financing kit consists of €525 million in dedicated debt financing and an extra €200 million uncommitted accordion. The accordion characteristic allows for AtlasEdge to goal capital towards customer-led boom projects and expand the ability in accordance with future demand.
Having already underpinned the business's fresh acquisition of Datacenter One, Germany's main impartial statistics centre provider, the new facility provides AtlasEdge with appreciable firepower to execute further strategic M&A and build new effective and sustainable sites right through Europe's key markets.
The financing additionally includes sustainability-linked ambitions focussed on effectivity and renewable energy usage. This aligns AtlasEdge's mission to construct a very sustainable digital society with the shared magnitude of sustainable investment by the lending group.
"we're delighted to have partnered with a group of proper-tier monetary associations whose ambition suits our own and are willing to proceed to guide us in the future", commented Ron Huisman, CFO, AtlasEdge. "here's a bespoke and totally sought-after facility with in-built flexibility that permits us to move rapidly to realise new boom opportunities."
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Giuliano Di Vitantonio, CEO, AtlasEdge, delivered, "we're blissful to have closed our inaugural gigantic-scale debt financing, so we can permit us to proceed to satisfy surging consumer demand for digital infrastructure closer to the end person. The backing of ING and the wider syndicate represents a powerful endorsement of the AtlasEdge mission to construct a pan-European side records centre platform."
Sicco Boomsma, Managing Director within ING's TMT sector financing team referred to, "debtors are reminded that, at a time where the true property and leveraged-personal loan markets have turn into extra difficult, there remains large liquidity obtainable from infrastructure-concentrated lenders. ING's sector capabilities and broad European network was vital in structuring, underwriting, and executing this ingenious, multi-jurisdictional financing. The multi-asset infrastructure financing gives giant flexibility to the underlying pool of area property. ING's appetite for the statistics centre sector continues to be amazing and we are proud to help AtlasEdge's European side records centre expansion plans".
Advisors
Ropes & gray LLP served as felony advisers to AtlasEdge.
CMS Cameron McKenna Nabarro Olswang LLP served as criminal due diligence consultant to the Lenders
Analysys Mason served as commercial due diligence guide to the Lenders
Royal HaskoningDHV served as technical due diligence consultant to the Lenders
EY served as fiscal model auditor to the Lenders
View source version on businesswire.com: https://www.businesswire.com/information/home/20230425005675/en/
Contacts
AtlasEdge corporate Communications:Duncan White | duncan.white@atlasedge.com | +44 7970 974832
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