Clifford Chance advises on €3.3 billion financing of DATA4's European data centres

9 January 2025

Matt Dunn, Lewis Whyte, Kuan Yue Lim, Lindy Mguni, Boma George, Hein Tonnaer, Francesca Spittal, Mike Niekoop, Arezo A. Zarbaf, William Winterton, Rachel Robertson, Stine-Lise Budge, Jemma Dick, Wanipa Ndhlovu, Marc Mehlen, Sherazade Ould-Hocine, Victor Cobuscean, Alexandre Mereghetti, Chloé Desreumaux, Arthur Jeay, Clément Silve, Guilhem Dardoize, Alexandre Couturier, María Sabau, Marta Ruiz Manrique de Lara, Chiara Commis, Matteo Falsaperla, Andrzej Stosio, Simon Reitz, Philip Rosak, Lotte De Bruin
London, Amsterdam, Luxembourg

Clifford Chance advises on €3.3 billion financing of DATA4's European data centres

Global law firm Clifford Chance has advised the underwriters, mandated lead arrangers and lenders on the €3.3 billion financing of European data centres owned and operated by DATA4, the Brookfield-owned data centre operator in France, Italy, Spain, Poland, Germany and Greece. This transaction constitutes one of Europe's largest data centre financings.

The financing package includes €2.2 billion of new term debt for DATA4’s StableCo group, and a €1.1 billion incremental CapEx Facility for DATA4’s existing GrowthCo group (to support further greenfield projects and acquisitions).

This landmark transaction builds on Clifford Chance's market-leading project and infrastructure finance practice and sector expertise in digital infrastructure.

The core Clifford Chance team in London consisted of Partner Matt Dunn and Senior Associate Lewis Whyte with support from Senior Associate Kuan Yue Lim, Associates Lindy Mguni, Boma George and Francesca Spittal and Trainee Solicitor Luke Neill, and in Amsterdam consisted of Partner Hein Tonnaer and Counsel Mike Niekoop with support from Associate Arezo Zarbaf and Advocaat-stagiaire Samuel Van Eijnatten.

The cross-border team further consisted of William Winterton, Rachel Robertson, Stine-Lise Budge and Hannah Williams (Hedging, London), Jemma Dick and Wanipa Ndhlovu (Tax, London), Marc Mehlen, Sherazade Ould-Hocine, Victor Cobuscean and Alexandre Mereghetti (Finance, Luxembourg), Chloe Desreumaux, Arthur Jeay, Guilhem Dardoize, Alexandre Couturier and Clément Silve (Finance, France), María Sabau, Marta Ruiz and Darío Buendía Sánchez (Finance, Spain), Chiara Commis, Matteo Falsaperla, Arianna Merlo and Gabriele Costanzo Piccinino (Finance, Italy), Andrzej Stosio, Michal Jadwisiak and Joanna Korycinska (Finance, Poland), Simon Reitz and Philip Rosak (Finance, Germany) and Lotte de Bruin (Amsterdam).