AdaniConneX set to raise $1.44 billion from 8 global banks

AdaniConneX, the data centre joint venture between Adani Enterprises and EdgeConneX, has set up a sustainability-linked financing framework to raise funds worth up to $1.44 billion, with agreements having been inked with eight international banks.

"The financing has an initial commitment of $875 million, with an accordion feature to extend commitment up to $1.44 billion... Definitive agreements have been executed with eight international lenders - ING Bank N.V., Intesa Sanpaolo, KfW IPEX, MUFG Bank, Natixis, Standard Chartered Bank, Societe Generale and Sumitomo Mitsui Banking Corporation," AdaniConnex said in a statement on Sunday.

On April 18, ET had reported that AdaniConneX was in talks with several international banks to raise $1.2-1.4 billion in offshore loans to ramp up growth plans that should be closed in the next couple of weeks. AdaniConnex said the latest deal takes itss construction financing pool to $1.65 billion.