Guiding financial arrangements for lenders in relation to Borealis Data Center funding is our legal practice's focus.
In a significant development for the data center industry, global law firm White & Case LLP has advised on a US$148 million financing deal for Borealis Data Center. The financing, comprising of US$135 million term loans from French infrastructure investment firm Infranity and US$13 million revolving credit facilities from Iceland's Arion Bank, will enable Borealis Data Center to expand its campuses in Iceland and Finland.
The transaction, which aims to support and attract artificial intelligence and high performance computing customers, was led by the White & Case team in Paris. Amaury de Feydeau, a partner specializing in Project Development and Finance, Infrastructure, Transportation & Logistics, Construction, Power, Debt Finance, and Technology, was in charge of the advice.
Tsveta Pencheva, Fairuz Ben Lahcen, and Augustin Batsale, associates with expertise in Project Development and Finance, Life Sciences and Healthcare, and other relevant areas, were also involved in the transaction.
Borealis Data Center is 92.2 percent owned by Vauban Infrastructure Partners. However, the article does not provide information about the remaining 7.8 percent ownership of the data center.
It is worth noting that Borealis Data Center is a sustainable data centers builder and operator. The financing does not specify the exact purpose of the expansion in Iceland and Finland, but the company's commitment to sustainability suggests that the expansion will likely involve green data center technologies.
For more information about this transaction, please contact the local media contact. The search results did not provide information about the financier who provided the US$13 million revolving credit facilities for the expansion.
White & Case has service areas in Project Development and Finance, Financial Institutions, Infrastructure, Transportation & Logistics, and Western Europe, with a focus on France. The firm's involvement in this deal underscores its expertise and commitment to supporting innovative and sustainable projects in the data center industry.
Read also:
- Planned construction of enclosures within Görlitzer Park faces delays
- Controversy resurfaces following the elimination of diesel filter systems at Neckartor: A renewed conflict over the diesel restriction policy
- Foreign financial aid for German citizens residing abroad persists
- Hulk Hogan's successful transformation of his wrestling persona into a lucrative business entity
