Home News EdgeConneX Achieves $150 Million in Sustainability-related Funding to Support Latin American Expansion Starting in Chile

EdgeConneX Achieves $150 Million in Sustainability-related Funding to Support Latin American Expansion Starting in Chile

EdgeConneX Achieves $150 Million in Sustainability-related Funding to Support Latin American Expansion Starting in Chile

EdgeConneX, the pioneer in global Hyperlocal to Hyperscale Data Center Solutions, announces it has secured $150 million in sustainability-linked financing for Latin America. The loan refinances outstanding indebtedness and is designed to be used as a financing platform for the company’s future activity in Latin America, including Chile and Colombia.  The loan facility further promotes EdgeConneX’s sustainability objectives, incentivizing outperformance on the data centers’ energy efficiency, renewable energy consumption, and environmental certification.

“This is a landmark transaction in the digital infrastructure space in Latin America, as combined green loan principles and sustainability-linked loan principles are considered to be the first combination sustainability data center financing in the Latin American market,” states Joe Harar, CFO at EdgeConneX. “This latest funding provides EdgeConneX with the backing necessary to continue its regional expansion in Latin America and to do so in a sustainability-minded way.”

The latest sustainability-linked financing comes after EdgeConneX secured a series of sustainability-linked financings totaling $1.7 Billion earlier this year. The financings include EdgeConneX’s first-ever securitization and multi-currency term loan (“ESG Term Loan”) to further the company’s global growth. These transactions highlight EdgeConneX market leadership and commitment to ESG as part of its Customers, People, Planet core values, and environmental stewardship.

Fiscal Stimulus Bolsters US Economic Growth in Q1, Fastest GDP Growth Since 2003

The second-fastest gross domestic product growth since the third quarter of 2003, reported by the Commerce Department on Thursday, left output just 0.9% shy of its level at the end of 2019.

US Economy Grew Robustly in First Quarter

GDP grew at a 6.4% annual rate in the quarter, leaving the economy within 1% of its peak.

Asia-Pacific Markets Broadly Lower As Investors Turn Cautious

Asia-Pacific markets struggled for gains Friday as investors turned cautious, despite a positive finish stateside in the previous session.

World Shares Near Record High on Strong US Economic Data and Earnings

US economic growth accelerated in the first quarter, fuelled by massive government aid.

How the US Won the Economic Recovery

I looked for a country that got the economic response to Covid-19 right. I found the US.

Barclays Boss Predicts Biggest Economic Boom Since 1948

The UK is about to experience its biggest economic boom since the aftermath of World War Two, according to Barclays boss Jes Staley. His upbeat...

Buying American Is Easier Said Than Done: Will Biden’s Plan Juice the US Economy?

Joe Biden and Donald Trump don't agree on much, but this much they do: We should buy American products. But that's easier said than done.

Silver Down As Dollar and Yields on Bonds Rose as US Economy Advanced

Benchmark U.S. 10-year Treasury yields hovered near a more than two-week high, increasing the opportunity cost of holding non-yielding bullion.

Yellen Doesn’t See Biden Plan Creating Inflation ‘Issue’

President Joe Biden’s economic plan is unlikely to create inflation pressure in the U.S. because the boost to demand will be spread over a decade, said Treasury Secretary Janet Yellen.

Inflationary Pressure, Hawkish Fed Official Remarks Keep US Stocks on Leash

Dow added 2.4%, the S&P 500 gained 5.6%, and the Nasdaq jumped 7%. Dow was down 0.54% at 33,875 while the S&P was down by 0.72%. Nasdaq was down by 0.85%.