EdgeCore Digital Infrastructure, owned by Partners Group, has successfully completed a $1.9 billion debt financing transaction for its Mesa, Arizona data center campus. The financing was structured as a Green Loan in adherence to the latest Green Loan Principles.
“The development of scalable data center campuses designed to support the density requirements of hyperscalers is EdgeCore’s sole focus, and one that we address with sustainable construction, operations and business practices in mind,” said Julie Brewer, SVP of Finance, EdgeCore Digital Infrastructure. “To this end, our Phoenix data center campus in Mesa, AZ is being developed using debt financing from this Green Loan.”
The Mesa campus, designed to be LEED-certified and water-neutral, aims to support a minimum of 450 MW of critical load across 3.1+ million square feet at full build-out. Notably, the project's innovative air-cooled design and closed-loop chilled water system contribute to impressive energy efficiency, achieving nearly zero Water Usage Effectiveness (WUE) and a Power Usage Effectiveness (PUE) well below the industry average.
The campus currently has one operational data center and two additional data centers under construction totaling 206 MW of critical load capacity.
“The construction financing for the Mesa campus is an important milestone for EdgeCore,” said Fentress Boyse, Member of Management, Private Infrastructure Americas, Partners Group. “This represents the first of many financings EdgeCore will pursue to support its ambitious capital plans and customers’ needs. The broad participation and strong demand from the banking partners associated with this financing is a validation of EdgeCore’s differentiated approach and bright future. This financing also represents the largest Green Loan by a Partners Group portfolio company to date.”
Acquired by Partners Group in November 2022, EdgeCore utilized the initial capital commitment to fuel expansions and initiate development across data center campuses in Santa Clara, California (January 2023), Ashburn, Virginia (March 2023), Mesa, Arizona (April 2023), and Reno, Nevada (August 2023)."