EdgeConneX Borrows $150 Million for Sustainability-Linked Financing in Chile and Colombia

Published on: 15 October 2022
by KnowESG
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EdgeConneX has borrowed $150 million to finance sustainable projects in Latin America, including Chile and Colombia, that are good for the environment.

The company, which is owned by Swedish investment group EQT, says the loan refinances outstanding indebtedness.

Joe Harar (pictured), EdgeConneX CFO, said: 

"This latest funding gives EdgeConneX the support it needs to keep growing in Latin America and do so in a way that is good for the environment."

The loan incentivises the company’s performance on the data centres’ energy efficiency, renewable energy consumption, and environmental certification.

Harrar said: 

“This is a landmark transaction in the digital infrastructure space in Latin America, as combined green loan principles and sustainability-linked loan principles are considered to be the first combination of sustainability data centre financing in the Latin American market.”

This loan is not EdgeConneX’s first deal related to environmental, social, and governance (ESG) standards. Earlier this year the company borrowed $1.7 billion, including a securitisation and multi-currency term loan (ESG term loan) to support its growth and in line with its commitment to ESG as part of its “customers, people, planet” core values.

Source: Capacity

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