AtlasEdge announces milestone €725 million finance facility
Summary
The accordion feature enables AtlasEdge to target capital toward customer-led growth projects and expand the facility based on future demand.Having already underpinned the companys recent acquisition of Datacenter One, Germanys leading independent data centre provider, the new facility provides AtlasEdge with considerable firepower to execute further strategic M&A and build new efficient and sustainable sites throughout Europes key markets.The financing also includes sustainability-linked targets focussed on efficiency and renewable energy usage. "We are delighted to have partnered with a group of top-tier financial institutions whose ambition matches our own and are willing to continue to support us in the future", commented Ron Huisman, CFO, AtlasEdge. "Giuliano Di Vitantonio, CEO, AtlasEdge, added, "We are pleased to have closed our inaugural large-scale debt financing, which will enable us to continue to meet surging customer demand for digital infrastructure closer to the end user. The backing of ING and the wider syndicate represents a strong endorsement of the AtlasEdge mission to build a pan-European Edge data centre platform. "Sicco Boomsma, Managing Director within INGs TMT sector financing team said, "Borrowers are reminded that, at a time where the real estate and leveraged-loan markets have become more challenging, there is still significant liquidity available from infrastructure-focused lenders.