European data center firm AtlasEdge has secured €1.2 billion ($1.39bn) in new financing.
Announced this week, the seven-year facility provides €738 million ($857m) in committed debt financing and a further €500m ($580.6m) uncommitted accordion.
– AtlasEdge
The company said the transaction is the largest in its history and will be used to accelerate its European expansion, including developments in Germany, Austria, and Iberia.
Backers of the oversubscribed facility include new and existing lenders, including ABN Amro, Alpha, BBVA, Goldman Sachs, ING, Investec, KfW, Mizuho, MUFG, National Westminster Bank Plc, NordLB, Rabobank, and UniCredit Bank AG. The facility was oversubscribed, reflecting strong lender appetite for the Company’s disciplined growth strategy.
