Echelon Data Centres, the Irish-headquartered developer and operator of large-scale data centre infrastructure, closed an initial €1.7 billion loan financing provided by Morgan Stanley. The financing further strengthens the company’s capital base to continue its planned expansion across Europe.
“Ireland is one of Europe’s most important and supply-constrained data centre markets, and we have established the leading position in the Irish market through the delivery of large-scale campus developments supported by innovative power solutions developed in partnership with customers, regulators and grid stakeholders,” David Smith, deputy CEO of Echelon Data Centres, said. “Over the past 15 months, we have expanded into Spain – in joint venture with Europe’s largest utility, Iberdrola, and into Italy, extending our development model into new strategic markets. We are incredibly proud of the growth Echelon has achieved over the past several years and excited for the opportunity ahead. Demand for digital infrastructure across Europe is substantial and long term, and our ambition is to continue expanding our platform to support the growth of our customers in key strategic markets.”
Charlie Etheridge, head of investments at Echelon Data Centres, added, “This €1.7 billion financing strengthens our capital position and provides the flexibility to execute on our pipeline at scale and at pace. It reflects the quality of our platform and the strong institutional support behind our strategy. We are pleased to continue our valued partnership with Morgan Stanley as we advance the next phase of our European expansion.”
Echelon was advised by A&O Shearman and Arthur Cox.
