EdgeConneX completed a global refinancing of its capital structure as it remained in talks on an M&A transaction with multiple parties, said two sources close to the situation.
The global data center was able create silos backed by both its US and European assets, said those same sources.
The data center business closed a USD 700m refinancing deal arranged by Santander in early December that was collateralized by its North American data centers.
Separately, the firm had another USD 725m split between a EUR-based facility and a USD-based facility that is collateralized by its European facilities, including Dublin and Amsterdam. It is unclear who led the financing for the European tranche.
The company was in advanced talks with EQT Infrastructure in a potential M&A transaction. However, exclusivity may have been lifted between the two as EQT is now among a few parties still interested, said the sources.