EdgeConneX announced today that it has successfully secured a series of sustainability-linked financings totaling $1.7 Billion. The financings include EdgeConneX first-ever securitization and multi-currency term loan (“ESG Term Loan”) to further the company’s global growth. Additionally, these transactions highlight EdgeConneX market leadership and commitment to ESG as part of its Customers, People, Planet core values and environmental stewardship.
The first Sustainability linked & Asset-Backed Securities (ABS) for EdgeConneX:
- Demonstrate the unrivaled value of its national Edge Data Center platform while dramatically improving the company’s investment-grade credit profile.
- Lowers the company’s cost of capital and allows EdgeConneX to deploy greater data center capacity to meet its clients’ accelerating demands in new and existing markets.
- Furthers the company’s active role in promoting and practicing sustainability, reducing environmental impact across its global footprint, and optimizing data center design, operations, and management.
“The investment-grade rating for the asset-backed securities demonstrates the financial strength of EdgeConneX and confirms the confidence and quality of the EdgeConneX edge business model.This new financing affords the company high flexibility to not only invest in our core infrastructure in a sustainability-minded way but also to support our high growth customers that need green, sustainability-linked solutions hyper-locally and at hyperscale globally.” – Joe Harar, CFO at EdgeConneX
To read the entire press release, click HERE.
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