Global law firm White & Case LLP has advised the lenders on the US$575 million inaugural holding company financing for Digital Edge, a leading developer and operator of data centers across Asia-Pacific backed by Stonepeak.
“The successful execution of Digital Edge’s first holdco financing demonstrates continued strong lender confidence in high-quality digital infrastructure platforms across Asia-Pacific,” said White & Case partner Charles McConnell, who led the Firm’s deal team. “The financing adopts a balanced approach to asset-level controls and represents a capital solution that is expected to become increasingly sought after as platforms scale and financing requirements evolve.”
This deal is the second financing White & Case has advised on for Digital Edge in the past two months, the first being the green loan financing for Digital Edge and B.Grimm Power’s Campus data center in Thailand.
Most of the participating lenders are existing financing partners of Digital Edge.
The financing will support Digital Edge’s continued expansion across Asia-Pacific, including into key markets such as South Korea, Japan, India and Southeast Asia, to meet growing demand for hyperscale and AI-ready data center infrastructure. The transaction also includes incremental facilities and a feature enabling the loan facility to convert into a sustainability-linked loan, subject to agreement on sustainability performance targets.
The lender group comprised Clifford Capital, Deutsche Bank, MUFG, Sumitomo Mitsui Banking Corporation and Standard Chartered as mandated lead arrangers and bookrunners, and BNP Paribas and Stonepeak Credit as mandated lead arrangers.
The White & Case team which advised on the transaction was led by partner Charles McConnell (Singapore) and included partner Tim Fourteau (Tokyo) and associates John Tan, Lenvin Tan and Yanling Guo (all Singapore).
