25 February 2019
- Hein Tonnaer, Mike M.J.H. Niekoop, Liesbeth Buiter, Lotte De L Bruin, Sarah Lewis, Arwin A.W. Lok, Stern S.A.S. Flik
Clifford Chance advises a group of lenders on the project financing of the EdgeConneX AMS04 data center located near Schiphol Airport, The Netherlands
This project is being developed by a subsidiary of EdgeConneX Inc., a US-based data center company. EdgeConneX is specialized in worldwide solutions for edge-network datacenters. The project will be funded through a mix of equity, an equity bridge loan and senior project financing debt.
Clifford Chance provided advise to a syndicate of banks consisting of ABN AMRO Bank N.V., ING Bank N.V., Banco Santander S.A., and Natixis.
This transaction marks the third project financing for an EdgeConneX data center in Europe. Key feature is the contract with a key anchor tenant which is securing the cash flow required for the debt service. The expansion addresses growing customer demand for the fastest and most reliable physical delivery of content, cloud and applications to local market consumers and enterprises overseas.
The core Clifford Chance team in Amsterdam consisted of Hein Tonnaer, Mike Niekoop and Luc van Oosterhout. Liesbeth Buiter and Lotte de Bruin advised on Dutch project documents with hedging advice provided by Sarah Lewis, and notarial advice was provided by Arwin Lok and Anna Nagel.