January 4, 2024

Milbank Advises Lenders on $1.9B Financing for EdgeCore Arizona Data Center Projects

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Milbank LLP represented the lenders in connection with the $1.9 billion financing for the design, construction and operation of EdgeCore Digital Infrastructure’s 26 MW PH01 data center and 108 MW PH02 data center in Mesa, Arizona.

“We are thrilled to be a part of this innovative financing, which will enable EdgeCore to expand its capabilities and provide enhanced critical data center service in a key region,” said Dan Bartfeld, chair of the firm’s Global Project, Energy and Infrastructure Finance Group. “EdgeCore’s sustainable approach to developing and operating data centers sets the industry standard, and we are proud to have worked with the lenders in this inaugural financing,” added Jaime Ramirez, Global Project, Energy and Infrastructure Finance partner.

The Milbank team was led by Mr. Bartfeld and Mr. Ramirez and included Global Project, Energy and Infrastructure Finance associates Olivia Scandura and Annie Harper and Real Estate partner Jonathan Karl, special counsel Patricia Cleary and associate Emily Southwick.