Ares Management Commits Sustainability-Linked Debt Facility to EdgeConneX®
21 Juni 2022 - 12:45PM
Business Wire
Ares Management Corporation (“Ares”) (NYSE: ARES) announced
today that funds managed by its Infrastructure Debt strategy have
committed a delayed draw sustainability-linked debt facility to
EdgeConneX®, a leading global provider of full-range data center
solutions.
The new debt facility provides for a commitment of up to
approximately $1 billion and will be used to refinance existing
indebtedness and to fund development and construction of
EdgeConneX’s growing development pipeline. Further, the facility
includes a sustainability-linked margin adjustment, whereby the
interest rate payable is directly correlated to EdgeConneX
achieving certain pre-determined sustainability targets. These
targets will be aligned to EdgeConneX’s holistic ESG sustainability
strategy: “Customer, People, and Planet.” EdgeConneX has a stated
goal of becoming a carbon-, waste- and water-neutral data center
provider by 2030 and developing and operating a data center
platform powered by 100% renewable energy.
Founded in 2009 and backed by EQT, EdgeConneX operates
high-powered, purpose-built digital infrastructure for customers,
ranging from Hyperlocal Edge facilities to Hyperscale data center
campuses. With over 50 data centers located in more than 40 markets
across North America, Europe, South America and Asia, EdgeConneX
delivers capacity, connectivity, power and proximity in a data
center platform enabling cloud, content, network and technology
service providers.
“We are pleased to strengthen our longstanding relationship with
EdgeConneX and EQT through this significant financing that
reinforces our shared commitment to corporate sustainability and
responsible investment,” said Spencer Ivey, Partner in Ares’
Infrastructure Debt strategy. “We believe EdgeConneX is
well-positioned to benefit from strong tailwinds for energy
efficient, mission-critical data centers, and we are proud to work
with an innovative and purpose-driven business that furthers Ares’
focus on supporting a just energy transition.”
“This is a pivotal time for EdgeConneX, and we are excited by
the support of Ares as we seek to execute on our growth plans,”
said Randy Brouckman, CEO of EdgeConneX. “This
sustainability-linked financing underscores our deep commitment to
provide innovative, energy efficient solutions in new and growing
markets that generate sustainable value for our clients and
stakeholders around the world.”
About Ares Management Corporation Ares Management
Corporation (NYSE: ARES) is a leading global alternative investment
manager offering clients complementary primary and secondary
investment solutions across the credit, private equity, real estate
and infrastructure asset classes. We seek to provide flexible
capital to support businesses and create value for our stakeholders
and within our communities. By collaborating across our investment
groups, we aim to generate consistent and attractive investment
returns throughout market cycles. As of March 31, 2022, Ares
Management Corporation's global platform had approximately $325
billion of assets under management, with over 2,100 employees
operating across North America, Europe, Asia Pacific and the Middle
East. For more information, please visit www.aresmgmt.com. Follow
Ares on Twitter @Ares_Management.
About EdgeConneX Backed by EQT, a global investment
organization, EdgeConneX provides a full range of sustainable data
center solutions worldwide. We work closely with our customers to
offer choices in location, scale and type of facility, from
Hyperlocal to Hyperscale. EdgeConneX is a global leader in anytime,
anywhere, and any scale data center services for a diverse
portfolio of industries, including Content, Cloud, Networks,
Gaming, Automotive, SaaS, IoT, HPC, Security, and more. With a
mission predicated on taking care of our customers, our people, and
our planet, EdgeConneX strives to Empower Your Edge. For more
information, please visit edgeconnex.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20220620005385/en/
Ares Management Brittany Cash, 212-301-0347 or Jacob
Silber, 212-301-0376 media@aresmgmt.com EdgeConneX JSA,
1-866-695-3629 ext. 13 jsa_EdgeConneX@jsa.net
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