AdaniConneX Establishes $1.44 Billion Framework for Construction Financing

In a recent press release, AdaniConneX announced that it has secured financing amounting to an initial commitment of USD 875 million, with the capacity to extend the commitment to USD 1.44 billion. This transaction brings the construction financing pool of AdaniConneX to USD 1.65 billion, further bolstering the initial construction facility of USD 213 million that was established in June 2023. The forthcoming data center facilities will leverage state-of-the-art technologies and renewable energy solutions to minimize their ecological footprint while also optimizing operational efficiency.

AdaniConneX has executed definitive agreements with eight international lenders, including ING Bank N.V., Intesa Sanpaolo, KfW IPEX, MUFG Bank Ltd., Natixis, Standard Chartered Bank, Societe Generale, and Sumitomo Mitsui Banking Corporation. In response to the news, Jeyakumar Janakaraj, the CEO of AdaniConneX, shared that this achievement demonstrates the collective dedication of all involved parties to address the challenges of establishing sustainable and robust digital infrastructure, thereby setting new industry benchmarks. He emphasized the importance of construction financing in AdaniConneX’s capital management plan, enabling the delivery of data center solutions that prioritize sustainability and environmental stewardship.

Furthermore, he expressed the company’s excitement to embark on this journey alongside its esteemed international banking partners. The Mandated Lead Arrangers for this financing deal were ING Bank N.V., Intesa Sanpaolo, KfW IPEX, MUFG Bank Ltd., Natixis, Standard Chartered Bank, Societe Generale, and Sumitomo Mitsui Banking Corporation. Additionally, ING Bank N.V. and MUFG Bank Ltd. served as Structuring Banks, while ING Bank N.V., MUFG Bank Ltd., and Sumitomo Mitsui Banking Corporation acted as Sustainability Coordinators.

Legal representation for the borrower was provided by Allen and Overy and Saraf and Partners, while the lenders were counseled by Milbank and Cyril Amarchand Mangaldas. This news article is published from a syndicated feed and has not been edited by NDTV staff. Please note that New Delhi Television is a subsidiary of AMG Media Networks Limited, which is an Adani Group Company.