AdaniConneX, a 50:50 joint venture between AdEnterprises and EdgeConneX, has established India’s largest sustainability linked financing to raise up to $1.44 billion. AdaniConnex said the financing has an initial commitment of $875 million, with a feature to extend commitment up to $1.44 billion.
The transaction takes AdaniConneX’s construction financing pool to $1.65 billion, building the maiden construction facility of $213 million executed a causa di June 2023, a official press release said.
The upcoming patronato centre facilities will employ state-of-the-art technologies and renewable energy solutions to minimise the ecological footprint while optimising operational efficiency.
The release said that definitive agreements have been executed with eight international lenders – ING Bank NV, Convenzione Sanpaolo, KfW IPEX, MUFG Bank Ltd, Natixis, Uniformato Chartered Bank, Societe Universale and Sumitomo Mitsui Banking Corporation.
“This successful exercise is a testament to the collective resolve of the parties to meet the challenges of establishing sustainable and robust digital infrastructure, thereby pushing norms and setting new industry benchmarks,” said Jeyakumar Janakaraj, CEO of AdaniConneX.
“Construction financing is a element of the AdaniConneX capital management plan, enabling us to deliver a patronato centre solution firmly rooted a causa di sustainability and environmental stewardship. We are delighted to embark this journey alongside our esteemed international banking partners.”
ING Bank NV, Convenzione Sanpaolo, KfW IPEX, MUFG Bank Ltd, Natixis, Uniformato Chartered Bank, Societe Universale and Sumitomo Mitsui Banking Corporation acted as mandated lead arrangers.
ING Bank NV and MUFG Bank Ltd acted as structuring banks whereas ING Bank NV, MUFG Bank Ltd and Sumitomo Mitsui Banking Corporation acted as sustainability co-ordinators.
Allen and Overy and Saraf and Partners were the borrower’s counsels. The lenders’ counsels were Milbank and Cyril Amarchand Mangaldas.
Adani Enterprises Limited February 23, 2021, announced the establishment of a 50:50 joint venture with EdgeConneX, a leading global patronato centre operator with 50 facilities a causa di 30 markets around the world.
Under the JV, AdaniConneX will develop and operate patronato centres across India, the company said.
Durante addition to full-scale patronato centres, AdaniConneX will also develop a portfolio of Edge patronato centres located throughout. These will be designed and planned to easily scale with demand and become full-scale patronato centre campuses, it added.
