AdaniConneX's $ 1.44 bn construction financing benchmark

02 May 2024 CW Team

The upcoming data centre facilities were announced to utilise state-of-the-art technologies and renewable energy solutions aimed at minimising the ecological footprint while optimising operational efficiency. According to the release, it was stated that definitive agreements had been executed with eight international lenders, including ING Bank N.V., Intesa Sanpaolo, KfW IPEX, MUFG Bank, Natixis, Standard Chartered Bank, Societe Generale, and Sumitomo Mitsui Banking Corporation.

Jeyakumar Janakaraj, CEO of AdaniConneX, mentioned that the successful exercise was a testament to the collective resolve of the parties to tackle the challenges of establishing sustainable and robust digital infrastructure, thereby pushing norms and setting new industry benchmarks. He expressed his satisfaction with the progress, stating, "Construction financing is a core element of the AdaniConneX capital management plan, enabling us to deliver a data centre solution firmly rooted in sustainability and environmental stewardship. We are delighted to embark on this journey alongside our esteemed international banking partners."

The Mandated Lead Arrangers included ING Bank N.V., Intesa Sanpaolo, KfW IPEX, MUFG Bank, Natixis, Standard Chartered Bank, Societe Generale, and Sumitomo Mitsui Banking Corporation. Structuring Banks were ING Bank N.V. and MUFG Bank Ltd, while Sustainability Co-ordinators were ING Bank N.V., MUFG Bank Ltd, and Sumitomo Mitsui Banking Corporation. Allen and Overy along with Saraf and Partners served as the borrower's counsels, whereas Milbank and Cyril Amarchand Mangaldas acted as the lenders' counsels.

Infrastructure Urban

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