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EdgeConneX Seeks $2.5 Billion Bank Pledge for Data Center Power

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EdgeConneX Seeks $2.5 Billion Bank Pledge for Data Center Power EQT-backed EdgeConneX Inc. is asking banks to guarantee as much as $2.5 billion in power costs, joining a wave of data center builders turning to new financing playbooks to fuel growth. EdgeConneX is in talks with lenders including Natixis SA and BBVA SA for what’s known as a letter of credit facility, according to people with knowledge of the matter. The arrangement would help the company secure power for data center sites, the...

EdgeConneX Seeks $2.5 Billion Bank Pledge for Data Center Power EQT-backed EdgeConneX Inc. is asking banks to guarantee as much as $2.5 billion in power costs, joining a wave of data center builders turning to new financing playbooks to fuel growth. EdgeConneX is in talks with lenders including Natixis SA and BBVA SA for what’s known as a letter of credit facility, according to people with knowledge of the matter. The arrangement would help the company secure power for data center sites, the people said, asking not to be identified as the discussions are private.
Data Center Power (ORG) Data Center Power EQT (ORG) EdgeConneX Inc. (ORG) EdgeConneX (ORG) Natixis SA (ORG) BBVA SA (ORG)
Originally published by Bloomberg Markets Read original →