AdaniConneX, a joint venture between Adani Enterprises and EdgeConneX, has made headlines by securing India’s largest sustainability linked financing of up to USD 1.44 billion. This groundbreaking achievement was announced in a press release on Sunday, with an initial commitment of USD 875 million and the potential to extend up to USD 1.44 billion.
The construction financing pool for AdaniConneX now stands at USD 1.65 billion, following the execution of a USD 213 million facility in June 2023. The upcoming data centre facilities will prioritize state-of-the-art technologies and renewable energy solutions to reduce the ecological footprint while enhancing operational efficiency.
Definitive agreements have been signed with eight international lenders, including ING Bank N.V., Intesa Sanpaolo, and Standard Chartered Bank, among others. Jeyakumar Janakaraj, CEO of AdaniConneX, expressed his satisfaction with the successful financing, emphasizing the commitment to sustainable digital infrastructure and setting new industry standards.
The involvement of renowned banking partners as Mandated Lead Arrangers and Sustainability Co-ordinators underscores the significance of this milestone. AdaniConneX’s focus on sustainability and environmental stewardship is evident in their capital management plan, ensuring a data centre solution that aligns with global sustainability goals.
The collaboration with legal counsels Allen and Overy and Saraf and Partners further solidifies the commitment to responsible financing practices. This achievement not only highlights AdaniConneX’s dedication to sustainability but also sets a new benchmark for the industry as a whole.