We advised Edgecore and its owner, Partners Group, on the transaction

Davis Polk advised EdgeCore Digital Infrastructure, a portfolio company of Partners Group, and its subsidiaries in connection with a $1.9 billion senior secured credit facility for MECP1 Mesa 1, LLC. The proceeds of the transaction will be used to repay outstanding indebtedness under the borrower’s existing senior secured credit facility related to its data center in Mesa, Arizona, and to finance the construction of additional data center capacity at the site.

The financing is EdgeCore’s first green loan and the largest green loan by a Partners Group portfolio company to date. The borrowers said the financing provides a template for several planned financings as Edgecore builds out its data center capacity using sustainable business practices.

EdgeCore and its affiliated companies develop, own and operate strategically located, future-focused data center campuses in the United States. Partners Group is a leading global private markets firm and has $22 billion in assets under management within its private infrastructure business. Since 1996, it has invested over $200 billion in private equity, private debt, private real estate and private infrastructure globally.

The Davis Polk finance team included partners David J. Penna and Thomas J. Malone. The real estate team included partner Brian D. Hirsch and associates Nicholas Soilleux, Jaclyn Katz and Shua Mermelstein. Associate Matthew J. Wiener provided ISDA advice. Counsel Christopher C. Woller provided intellectual property advice. The tax team included partners Ethan R. Goldman and Michael Farber. Members of the Davis Polk team are based in the New York and Washington DC offices.

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