EdgeCore Digital Infrastructure Completes $1.9 Billion Debt Financing to Enable Continued Growth and Development of its Flagship Data Center Campus in Greater Phoenix.
February 21, 2024 at 12:00 AMPRNewswire
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MESA, Ariz., Feb. 21, 2024 /PRNewswire/ -- EdgeCore Digital Infrastructure, a leading owner, operator and developer of data centers across the U.S., announced today that it has closed on a $1.9 billion debt financing package led by TD Securities. The financing will support the continued growth and development of its flagship data center campus in Mesa, Arizona, which is strategically located in the Phoenix metro area, one of the fastest-growing data center markets in the U.S. "We are pleased to have secured this significant financing, which will enable us to further expand our Mesa campus and meet the growing demand for high-quality data center capacity in the Phoenix market," said Lee Kestler, CEO of EdgeCore. "This financing is a testament to the strength of our platform, the quality of our assets, and the experience of our team." The Mesa campus is situated on approximately 150 acres and will ultimately comprise over three million square feet of data center space across multiple buildings. The campus is designed to meet the highest standards of reliability, security, and sustainability, and will offer customers a wide range of connectivity options. "We are excited to partner with EdgeCore on this important project," said Geoff Smith, Managing Director and Head of U.S. Real Estate at TD Securities. "EdgeCore has a proven track record of developing and operating world-class data centers, and we are confident that the Mesa campus will be a success." About EdgeCore Digital Infrastructure EdgeCore Digital Infrastructure is a wholesale data center provider dedicated to meeting and exceeding the requirements of hyperscale cloud providers, internet content companies and other large-scale data center users. EdgeCore delivers hyperscale data center solutions that are technically innovative, strategically located and are environmentally and socially responsible. For more information, visit edgecoredc.com. Contact: Jayne Jeffries EdgeCore Digital Infrastructure +1 415 515 4924 jayne.jeffries@edgecoredc.com