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EdgeCore Digital Infrastructure Secures $440 Million Debt Financing for Silicon Valley Expansion
EdgeCore Digital Infrastructure, a key player in the wholesale data center market, has successfully obtained a $440 million debt financing deal. This significant financial influx is earmarked for the expansion of its Santa Clara, California campus, aiming to accommodate the growing needs of hyperscale customers. This move follows a previous $1.9 billion debt financing achieved earlier in 2024, reflecting a strategic pattern of aggressive growth and development for the company.
The funding will bolster the development of a campus designed to support a 72 MW critical load across 540,000 square feet, addressing the high demand for single tenant data centers. This project stands out not only for its scale but also for its commitment to sustainability, with both financing transactions of 2024 structured as Green Loans. This eco-conscious financing underscores EdgeCore's dedication to sustainable construction and operational practices, aligning with the latest Green Loan Principles.
The successful financing round, facilitated by ING Capital LLC as the sole Green Loan Structuring Agent and supported by leading financial institutions, highlights EdgeCore's robust market position and forward-looking approach. The company's expansion into Silicon Valley, leveraged by Partners Group's backing, demonstrates EdgeCore's capability to meet the intricate requirements of hyperscale operators, driving forward the future of high-density data center solutions.
R. P.
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