HYPER-CONVERGED INFRASTRUCTURE, APPLICATION STORAGE
prnewswire | March 24, 2023
EdgeConneX®, the pioneer in global Hyperlocal to Hyperscale Data Center Solutions, announces the successful execution of $3.3 billion in innovative sustainability-linked financing, which enables the development of critical digital infrastructure to support customers' global data center requirements. The significant scale of these transactions is also recognized by IJGlobal, a leading market intelligence firm for the energy and infrastructure finance industry, with the Digital Infrastructure Deal of the Year Award 2022 in the data center category.
In October 2022, EdgeConneX, the EQT-owned data center developer, reached financial close of a €2.4 billon sustainability-linked (re)financing EdgeConneX pan-EMEA data center portfolio of operational facilities across seven jurisdictions and provided CapEx facilities to support future developments. This financing is arranged across three tranches – a term loan, a CapEx facility, and a revolving credit facility, providing an optional line of credit if needed. Beyond consolidating EdgeConneX pan-EMEA portfolio, this deal allows it to transition from stand-alone project financing to a structured corporate debt package – thereby unlocking more flexibility and funding capacity to support anticipated growth across the region. In addition, this deal represents Europe's first data center platform financing and is rated as a pathfinder sustainability-linked portfolio financing.
Separately, in June 2022, funds managed by Ares Management's Infrastructure Debt strategy, committed a delayed draw sustainability-linked global debt facility to EdgeConneX. The debt facility commits up to $1 billion and can be used to fund the development and construction of EdgeConneX growing global development pipeline. In addition, the innovative funding regime in Euros and US dollars via a structured corporate debt package unlocks more flexibility and funding capacity to support EdgeConneX anticipated global growth.
Both facilities include sustainability-linked margin adjustments, whereby the interest rate payable is directly correlated to EdgeConneX achieving specific pre-determined sustainability targets. These targets align with EdgeConneX holistic ESG sustainability strategy, which includes a 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.
"We are honored by the IJGlobal Award distinction for our innovative financing structures that can be replicated globally," comments Joe Harar, Chief Financial Officer for EdgeConneX. "Sustainability is a necessity, and EdgeConneX has adopted sustainability principles across all aspects of our business. These financings leverage EdgeConneX Green Finance Framework and enable us to execute growth plans by reinforcing our commitment to delivering energy-efficient and innovative sustainable solutions for our customers anywhere in the world."
The greenfield element of these transactions wins EdgeConneX an IJGlobal award in this category in conjunction with the refinancings, which played a significant part in the deal and its reason for winning an award. The IJGlobal Awards took place in London on March 9, 2023, celebrating the best-in-class transactions and organizations across the international infrastructure and energy sectors.
EdgeConneX owns and operates 60+ data centers across 50 unique markets throughout 30 countries. The company's portfolio includes 200+ far edge and EdgePop deployments and 500+MW of capacity deployed and/or in development worldwide. Providing excellence and expertise across all deployment phases, EdgeConneX also specializes in build-to-suit data center facilities for Hyperscalers serving as the backbone of their cloud computing products for consumers globally.
EdgeConneX, backed by EQT Infrastructure, part of the global investment organization EQT, 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.
HYPER-CONVERGED INFRASTRUCTURE, APPLICATION STORAGE
businesswire | March 23, 2023
H5 Data Centers, a national colocation and wholesale data center provider, broke ground yesterday in Ashburn, VA on a strategically-located, state-of-the-art data center. Upon completion, the three-story data center will support 42 MWs of critical load across 255,000 square feet.
Today's announcement responds to accelerating demand for large-scale data center space in top-tier markets. Pre-leasing is under way with availability in Q3 of 2024. The data center located on Beaumeade Circle will qualify for Virginia data center sales and use tax exemption.
“H5 Data Centers is investing extensively across our portfolio and today's announcement of our Ashburn groundbreaking is an exciting start to a busy year of development,” said Josh Simms, founder and CEO of H5 Data Centers. “Upon completion, the data center will provide our customers with the ability to meet their stringent security and reliability requirements.”
Northern Virginia is the largest data center market in the world, but the immense growth of the market has made it difficult for cloud and technology companies to source scalable capacity. The build represents a high-quality option for cloud service providers, content and technology companies, and Fortune 500 customers alike.
About H5 Data Centers
H5 Data Centers is one of the leading privately-owned data center operators in the United States with over 3 million square feet of data center space under management. The company designs and engineers flexible and scalable data center solutions to address the core infrastructure and edge requirements of its customers. H5 Data Centers operates data centers in 20 US markets.
HYPER-CONVERGED INFRASTRUCTURE,APPLICATION STORAGE
KX | January 19, 2023
KX, the creator of the world's fastest real-time analytics engine and time series database, and EnterpriseWeb, a pioneer in automation and telecom virtualization, have joined forces to provide network observability and automation solutions for performance centric systems.
KX and EnterpriseWeb offer a powerful and incredibly flexible closed-loop control mechanism that can be deployed on any system or distributed network, thus bringing together highly complementary technologies. Built around its kdb+ time series database, KX brings real-time analytics capabilities and market-leading data services for pattern recognition and the detection of anomalies. These feed Enterprise Web's intelligent orchestration platform for service management and intent-based network, which interprets the translation policies, and events and takes actions to maintain a declared state for a self-healing, self-scaling, and self-optimizing network. KX and EnterpriseWeb offer an integrated solution for service management at scale and a 'zero-touch' network.
James Corcoran, Chief Growth Officer, KX said, "We talk about KX as being an engine for time series and real-time analytics, powered by kdb+. As the results of the testbed project demonstrate, being the analytics engine in EnterpriseWeb's intelligent orchestration platform can yield significant benefits. Working alongside an all-star team of partners, we've shown that using time series-based technology like KX can dramatically improve response times and increase network efficiency. We're excited to see how our partnership with EnterpriseWeb can be applied to other use cases where the real-time monitoring and management of distributed networks, and low latency response and remediation is a critical requirement."
KX developed kdb+, independently benchmarked as the world's real-time analytics engine and fastest IT itime series datatbase. KX technology is trusted by the world's most prestigious and leading companies for mission-critical data applications because it is built for the most demanding data environments. The company’s industry-leading software analyzes and processes relational data and time series at an unmatched speed and scale, thus enabling richer actionable insights to drive decisions. The company empowers data engineers and developers to turbo-charge their most favorite analytics tools in the cloud, build high-performance data-driven applications, on-premise, or at the edge.