Yondr Group, a global hyperscale data center developer, owner and operator, has secured two new financing facilities to support its data center development pipeline across Europe and North America, including securing power capacity for future sites and providing additional capital flexibility as demand for digital infrastructure increases. The financing comes from a Global Letter of Credit (LC) Facility, and a European Holdco Facility.
According to a company press release, the LC facility is intended to support utility-related guarantees required to secure power connections for large-scale data center projects. Access to power remains a key constraint for new development, particularly amid rising demand driven by cloud computing and AI workloads. The Holdco facility provides capital for Yondr’s European platform, with the aim of reducing asset-level leverage and supporting continued expansion.
Sandip Mahajan, CFO, Yondr, said, “Demand for digital infrastructure continues to accelerate and having the right financial structures in place is critical to maintaining speed, flexibility and execution certainty, access to power is becoming increasingly competitive across the industry, and these facilities are securing strategic opportunities across both Europe and North America.”
Darragh Kiely, VP, Corporate Finance & Capital Markets, Yondr, said, “With incremental capacity across both financings, these facilities are particularly important for us as the market continues to evolve and our capital requirements grow. Together, these financings provide a strong platform from which Yondr can continue expanding its global footprint and delivering critical data center capacity at scale.”
The Global LC Facility was arranged by Natixis, with RBC Capital Markets and Société Générale acting as lenders. Legal advisers included Linklaters LLP for Yondr and Milbank LLP for lenders. The European Holdco Facility included lenders such as BNP Paribas, IFM Investors, F2i and Principal Asset Management, with legal counsel provided by Simpson Thacher & Bartlett LLP and Latham & Watkins.