AdaniConneX inks $1.44-billion sustainability-linked financing
AdaniConneX, a joint venture between Adani Enterprises and EdgeConneX, will raise $1.44 billion through a sustainabilitylinked construction financing framework, the company said in a release.
Definitive agreements have been executed with eight international lenders — ING Bank N V, Intesa Sanpaolo, KfW IPEX, MUFG Bank Ltd, Natixis, Standard Chartered Bank, Société Générale and Sumitomo Mitsui Banking Corporation.
KEY FEATURE
The financing has an initial commitment of $875 million, with an accordion feature extending the commitment to $1.44 billion. In June 2023, the equal joint
The upcoming data centre facility will employ renewable energy solutions to minimise the ecological footprint
venture had raised $213 million through a similar construction financing facility.
A key feature of the facility is the syndicated guarantee-backed assurance programme in sync with the projects’ procurement strategy.
The funds raised will be used for the company’s upcoming data centres that will employ renewable energy solutions to minimise the ecological footprint while optimising operational e ciency.
The company said that the sustainability-linked financing reinforces its commitment to driving a safety-first culture, delivering world-class power usage e¤ectiveness by adopting global best practices and leveraging RE resources.
Access to a wide pool of liquidity strengthens the company’s strategy to fasttrack the implementation of portfolio assets in sync with accelerating demand, it added.
“Construction financing is a core element of the AdaniConneX capital management plan, enabling us to deliver a data centre solution firmly rooted in sustainability and environmental stewardship,” said Jeyakumar Janakaraj, CEO, AdaniConneX.