EcoDataCenter has successfully issued its inaugural SEK 1 billion senior unsecured bonds, to enable further investments in critical AI infrastructure. The company says that as a result, it thereby strengthens its position as a leading player in sustainable, energy-efficient data centres for AI in Europe.
The bond issue generated strong demand from institutional investors, underscoring the market’s confidence in EcoDataCenter’s business plan.
Peter Michelson, CEO of EcoDataCenter, says, “AI is a dynamic investment area with enormous potential to drive growth and productivity. Scaling AI requires capital. This is an important milestone for us, on our journey to become the leading European player in AI infrastructure.”
Europe demands ambitious investments in AI infrastructure to maintain global competitiveness and drive innovation. EcoDataCenter says that it has quickly established itself as a leader in this space, with several recent announcements supporting its expansion. In early September, it was announced that EcoDataCenter would partner with AI-company CoreWeave to build one of Europe’s largest AI clusters in Falun. Two weeks later, EcoDataCenter purchased a 20-hectare industrial site in Borlänge with an initial capacity of 240 MW, to establish one of Europe’s largest data centres.
Peter Michelson, CEO of EcoDataCenter (pictured above), comments, “The demand for data centres that can combine the latest technology with high energy efficiency and with a low climate footprint is strong and constantly increasing. We are very well positioned to capitalise on the growth opportunities in the sector.”
EcoDataCenter opened its first data centre in Falun, Sweden in 2019 and also operates facilities in Stockholm and Piteå. Thanks to a combination of technological leadership and unique sustainability solutions, EcoDataCenter has gained the trust of major customers such as BMW, DeepL, and CoreWeave.
The senior unsecured bonds are issued by EcoDataCenter’s holding company – EcoDC Holding – under a framework of SEK 2 billion, with a tenor of three years and a floating interest rate of STIBOR three months plus 4.75% per annum. EcoDataCenter intends to apply for listing of the bonds.
ABG Sundal Collier AB acted as sole arranger in connection to the issuance of the bonds. Roschier Advokatbyrå AB acted as legal counsel.
For more from EcoDataCenter, click here.
The post EcoDataCenter issues bonds to accelerate AI growth appeared first on Data Centre & Network News.
EcoDataCenter has successfully issued its inaugural SEK 1 billion senior unsecured bonds, to enable further investments in critical AI infrastructure. The company says that as a result, it thereby strengthens its position as a leading player in sustainable, energy-efficient data centres for AI in Europe.
The bond issue generated strong demand from institutional investors, underscoring the market’s confidence in EcoDataCenter’s business plan.
Peter Michelson, CEO of EcoDataCenter, says, “AI is a dynamic investment area with enormous potential to drive growth and productivity. Scaling AI requires capital. This is an important milestone for us, on our journey to become the leading European player in AI infrastructure.”
Europe demands ambitious investments in AI infrastructure to maintain global competitiveness and drive innovation. EcoDataCenter says that it has quickly established itself as a leader in this space, with several recent announcements supporting its expansion. In early September, it was announced that EcoDataCenter would partner with AI-company CoreWeave to build one of Europe’s largest AI clusters in Falun. Two weeks later, EcoDataCenter purchased a 20-hectare industrial site in Borlänge with an initial capacity of 240 MW, to establish one of Europe’s largest data centres.
Peter Michelson, CEO of EcoDataCenter (pictured above), comments, “The demand for data centres that can combine the latest technology with high energy efficiency and with a low climate footprint is strong and constantly increasing. We are very well positioned to capitalise on the growth opportunities in the sector.”
EcoDataCenter opened its first data centre in Falun, Sweden in 2019 and also operates facilities in Stockholm and Piteå. Thanks to a combination of technological leadership and unique sustainability solutions, EcoDataCenter has gained the trust of major customers such as BMW, DeepL, and CoreWeave.
The senior unsecured bonds are issued by EcoDataCenter’s holding company – EcoDC Holding – under a framework of SEK 2 billion, with a tenor of three years and a floating interest rate of STIBOR three months plus 4.75% per annum. EcoDataCenter intends to apply for listing of the bonds.
ABG Sundal Collier AB acted as sole arranger in connection to the issuance of the bonds. Roschier Advokatbyrå AB acted as legal counsel.
For more from EcoDataCenter, click here.
The post EcoDataCenter issues bonds to accelerate AI growth appeared first on Data Centre & Network News.