EdgeConneX’s $1.7 Billion Sustainability-Linked Financings

Latham & Watkins represented the Ares Management in the transaction.

Ares Management Corporation (Ares) (NYSE: ARES) has announced that funds managed by its Infrastructure Debt strategy have committed a delayed draw sustainability-linked debt facility to EdgeConneX®, a leading global provider of full-range data center solutions.

The new debt facility provides for a commitment of up to approximately US$1 billion and will be used to refinance existing indebtedness and to fund development and construction of EdgeConneX’s growing development pipeline.

Latham & Watkins represented the Ares Management in the transaction with a team led by New York partners Warren Lilien (Picture) and Kelly Cataldo, with Washington, D.C. associate James Lim and New York associate Costanza Garcia. Advice was also provide on tax matters by New York partner Bora Bozkurt, with associate Michael Yu.

Involved fees earner: Bora Bozkurt – Latham & Watkins; Kelly Cataldo – Latham & Watkins; Costanza Garcia Laposse – Latham & Watkins; Warren Lilien – Latham & Watkins; Michael Yu – Latham & Watkins;

Law Firms: Latham & Watkins;

Clients: Ares Management Corporation;