- Package consists of up to €525 million in committed debt financing and a further €200 million uncommitted accordion
- Financing will provide AtlasEdge with capital to build new demand-led, efficient, and sustainable sites across Europe as well as executing further strategic M&A
- Sustainability-linked facility has been underwritten by mandated lead arranger ING and a syndicate of other top-tier lenders
London, United Kingdom – Tuesday, 25th April, 2023
AtlasEdge, a leading pan-European Edge data centre provider, today announces that it has secured a scalable €725 million facility underwritten by mandated lead arranger ING Bank, as well as ABN Amro, Crédit Agricole CIB, The Bank of Nova Scotia, National Westminster Bank Plc, Banco Santander and UniCredit Bank AG.
The financing package consists of €525 million in committed debt financing and a further €200 million uncommitted accordion. 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 company’s recent acquisition of Datacenter One, Germany’s 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 Europe’s key markets.
The financing also includes sustainability-linked targets focussed on efficiency and renewable energy usage. This aligns AtlasEdge’s mission to build a truly sustainable digital society with the shared importance of sustainable investment by the lending group.
“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. This is a bespoke and highly sought-after facility with in-built flexibility that allows us to move rapidly to realise new growth opportunities.”Ron Huisman, CFO, AtlasEdge
“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.”Giuliano Di Vitantonio, CEO, AtlasEdge
“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. ING’s sector expertise and broad European network was critical in structuring, underwriting, and executing this innovative, multi-jurisdictional financing. The multi-asset infrastructure financing provides significant flexibility to the underlying pool of Edge assets. ING’s appetite for the data centre sector remains strong and we are proud to support AtlasEdge’s European Edge data centre expansion plans.”Sicco Boomsma, Managing Director within ING’s TMT sector financing team
- Ropes & Gray LLP served as legal advisers to AtlasEdge.
- CMS Cameron McKenna Nabarro Olswang LLP served as legal due diligence advisor to the Lenders
- Analysys Mason served as commercial due diligence advisor to the Lenders
- Royal HaskoningDHV served as technical due diligence advisor to the Lenders
- EY served as financial model auditor to the Lenders
AtlasEdge is a leading European Edge data centre platform with operations across 12 countries. Our distributed data centre portfolio includes access to 100+ sites, allowing our customers to plan and shape their technology and network infrastructure to meet the growing requirements for lower latency, higher performance and localised solutions. AtlasEdge was formed through a joint investment by Liberty Global, a world leader in converged broadband, video and mobile communications and an active investor in cutting-edge infrastructure, content, and technology ventures, and DigitalBridge, a leading global investment firm dedicated to digital infrastructure. Our portfolio includes data centres in key markets across Europe, including Amsterdam, Barcelona, Berlin, Brussels, Copenhagen, Hamburg, London, Leeds, Madrid, Manchester, Milan, Paris, and Zurich. In February 2023, AtlasEdge successfully acquired Datacenter One, which included state-of-the-art data centres in Stuttgart, Dusseldorf, and Leverkusen.
For more information, please visit www.atlasedge.com
ING is a global financial institution with a strong European base, offering banking services through its operating company ING Bank. The purpose of ING Bank is empowering people to stay a step ahead in life and in business. ING Bank’s more than 58,000 employees offer retail and wholesale banking services to customers in over 40 countries.
ING Group shares are listed on the exchanges of Amsterdam (INGA NA, INGA.AS), Brussels and on the New York Stock Exchange (ADRs: ING US, ING.N).
Sustainability is an integral part of ING’s strategy, evidenced by ING’s leading position in sector benchmarks. ING’s Environmental, Social and Governance (ESG) rating by MSCI was affirmed ‘AA’ in September 2022. As of August 2022, Sustainalytics considers ING’s management of ESG material risk to be ‘strong’, and in June 2022 ING received an ESG rating of ‘strong’ from S&P Global Ratings. ING Group shares are also included in major sustainability and ESG index products of leading providers Euronext, STOXX, Morningstar and FTSE Russell.
Duncan White | [email protected] | +44 7970 974832