We advised the sponsor on the project financing

Davis Polk advised EdgeCore Digital Infrastructure, a portfolio company of Partners Group, and its subsidiaries in connection with a $440 million senior secured term loan credit facility for MECP1 Santa Clara 1, LLC. The proceeds of the transaction will be used to finance the construction of a hyperscale data center at the company’s site in Santa Clara, California, with the first data center supporting 36 megawatts of critical load capacity. 

The debt financing has been structured as a green loan in alignment with the latest Green Loan Principles as published by the Loan Market Association, Asia Pacific Loan Market Association and the Loan Syndications & Trading Association.

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 and Shua Mermelstein. Associates Michele Babkine, Matthew J. Wiener and Renee G. Levin provided ISDA advice. Counsel Christopher C. Woller provided intellectual property advice. Associate Caroline R. Zhang provided 1940 Act advice. Members of the Davis Polk team are based in the New York and Washington DC offices.