EdgeCore Digital Infrastructure Announces Second Debt Financing Transaction of 2024 to Fuel Continued Growth and Meet High-Density Data Center Demands of Hyperscale Customers
$440 million in funding will be used to further develop EdgeCore’s Silicon Valley data center campus in Santa Clara, CA
EdgeCore Digital Infrastructure Announces Second Debt Financing Transaction of 2024 to Fuel Continued Growth and Meet High-Density Data Center Demands of Hyperscale Customers
$440 million in funding will be used to further develop EdgeCore’s Silicon Valley data center campus in Santa Clara, CA
EdgeCore Digital Infrastructure, a wholesale data center developer, owner and operator, today announced the completion of a $1.1 billion debt financing transaction to fund the continued development of its data center campuses across its portfolio in Reno, Nevada and Ashburn, Virginia. This transaction was conducted in conjunction with its owner, Partners Group, a leading global private market firm acting on behalf of its clients.
“EdgeCore’s proven track record of successfully executing on its development pipeline has generated significant demand from a wide range of institutional lenders,” said Lee Kestler, CEO, EdgeCore Digital Infrastructure. “This $1.1 billion transaction, our second debt financing in 2024, underscores the confidence the financial markets have in EdgeCore’s platform and our ability to meet the hyperscale data center demands of the world’s largest AI and cloud companies.”
EdgeCore’s $1.1 billion debt financing is comprised of a limited-recourse senior secured term loan and a revolving senior secured letter of credit facility. The transaction was led by a consortium of coordinating lead arrangers. MUFG served as administrative agent.
This transaction follows EdgeCore’s first debt financing transaction of 2024, which was announced in January 2024 and totaled $1.9 billion. Combined, EdgeCore has raised $3.0 billion in debt financing in 2024 to date, reflecting the strong institutional demand for EdgeCore’s high-density data center platform.
EdgeCore Digital Infrastructure serves the world’s largest cloud and internet companies with both ready-for-occupancy and build-to-suit data center campuses that are designed for density. Privately held and backed by committed equity, EdgeCore enables hyperscale customer requirements by proactively investing in regions that provide the land and power necessary to support and scale AI and cloud technology. While working thoughtfully with the communities in which we do business, our data center campuses are built at scale to meet key performance specifications, safety metrics and sustainability objectives. EdgeCore has data center campuses in six North American markets with plans to expand into new regions in 2026 and beyond.