Atlas Edge Secures €1.2 Billion Financing for Data Center Expansion
Atlas Edge has secured €1.2 billion in financing, marking the largest in its history. The funds will enhance data center capacities in key European markets, including Germany and Austria.
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Atlas Edge has completed a €1.2 billion financing package, which includes €738 million in committed debt and an extension option of €500 million. This financing, the largest in the company’s history, is earmarked for expanding data center capacities in high-growth European markets, particularly in Germany, Austria, and the Iberian Peninsula.
The financing spans seven years and is supported by a consortium of international banks. Additionally, Atlas Edge is shifting its focus towards larger, scalable sites by selling nine data centers to prioritize investments in bigger campus projects. This strategic pivot may enhance efficiency but also poses risks associated with market concentration.
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