Clifford Chance advises Brookfield on €1 billion holdco financing facility for DayOne's hyperscale data centre expansion

Global law firm Clifford Chance has advised Brookfield, alongside a global sovereign wealth investor, on a €1 billion holdco financing for DayOne Data Centers, a Singapore-headquartered developer and operator of hyperscale data centres.

The seven-year facility, secured by DayOne’s Finland platform, will support the rollout of its hyperscale developments in Lahti and Kouvola, which will provide nearly 300MW of planned capacity across Finland. Structured as a secured holdco financing facility of €500 million, expandable to €1 billion with mutual agreement, the proceeds will also support DayOne's global expansion across the EU and APAC, with flexibility to allocate to other key growth markets as required.

Partner Tom England, senior associate Jitr Vilaivongse and associate Brian Wang advised Brookfield on this transaction. Partner Matthew Buchanan, senior associate James Thornton and associate Thomas Hobbs Martin advised on project finance aspects. Partner Shaun Langhorne and senior associate Jasmine Wales advised on restructuring aspects.

Tom said, "What differentiates this deal from almost every other data centre holdco financing in the region is the level of flexibility. Whilst most single-asset holdco financings are tied to the same controls and end-use as the senior debt, the Brookfield facility offers broad discretion over use of proceeds – including the ability to allocate across the wider DayOne group – as well as dynamic drawdown options to fund alternative projects in line with DayOne's future capital requirements, supported by an accordion feature. Combined with a balanced approach to asset-level controls, this product will become a sought-after solution for operators and developers as platforms and financing needs scale."

Clifford Chance has advised on several major transactions involving digital infrastructure globally, including the €3.3 billion financing of Brookfield-owned DATA4's European data centres, PIMCO funds on its investment to develop Meta's Hyperion Data Center in the US, and Yondr Group on its over US$900 million project financing for hyperscale data centres in Malaysia.