EdgeConneX has $1 billion commitment for new debt facility from Ares

Chicago, June 21 – EdgeConneX has a commitment for a $1 billion sustainability-linked debt facility from Ares Management Corp., according to a press release.

Proceeds from the delayed-draw facility will be used to refinance existing debt and to fund development and construction of the company’s growing development pipeline.

The interest rate will include a sustainability-linked margin adjustment tied to the achievement of certain pre-determined sustainability targets.

EdgeConneX has a stated goal of becoming a carbon-, waste- and water-neutral data center provider by 2030 and developing and operating a data center platform powered by 100% renewable energy.

EdgeConneX is a Herndon, Va.-based data center provider with over 50 locations in more than 40 markets.

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