June 23, 2022
Ares Management Corporation (Ares) (NYSE: ARES) has announced that funds managed by its Infrastructure Debt strategy have committed a delayed draw sustainability-linked debt facility to EdgeConneX®, a leading global provider of full-range data center solutions. The new debt facility provides for a commitment of up to approximately US$1 billion and will be used to refinance existing indebtedness and to fund development and construction of EdgeConneX’s growing development pipeline.
Latham & Watkins LLP represents the Ares Management in the transaction with a team led by New York partners Warren Lilien and Kelly Cataldo, with Washington, D.C. associate James Lim and New York associate Costanza Garcia. Advice was also provide on tax matters by New York partner Bora Bozkurt, with associate Michael Yu.