AdaniConneX has raised an US$875m sustainability-linked project finance loan for greenfield data centres, with an accordion available to extend the facility to up to US$1.44bn.
AdaniConneX is a 50:50 joint venture between Adani Enterprises and US-based data centres developer EdgeConneX, backed by Swedish private equity manager EQT. If the accordion is fully exercised, the SLL could be the largest in India to date. It is also the first SLL for a data centre in the country.
This loan is the second project financing the AdaniConneX joint venture has raised for its growing data centres portfolio, after a US$213m loan raised in June last year.
