Yondr Group has secured new financing to fuel its data center buildout.
The company this week announced it has secured two new corporate facilities, which will help Yondr scale across Europe and North America. The size of the facilities was not shared.
– Yondr
The financings comprise a new Global Letter of Credit (LC) Facility and a European Holdco Facility. Holdco financing is debt incurred by a holding company, at a level removed from an operating group.
Yondr said the financing will provide financial flexibility to support campus growth, accelerate delivery timelines, expand into new markets, and secure additional capacity.
