Three banks have launched a US$2.2bn to US$2.3bn project financing to support the construction of EdgeConnex’s datacentre campus in Atlanta, Georgia, TMT Finance understands. 

Natixis, SMBC and MUFG are underwriting the financing, sources said.  

The EQT Infrastructure-backed hyperscale developer closed an initial US$300m bridge loan for the site in Q3 last year, TMT Finance reported in August 2024. MUFG and SMBC provided debt on this bridge loan, sources said at the time. One source has since told TMT Finance that Natixis was also on the bridge financing. 

The plan was to launch the subsequent project financing later in 2024, sources noted then.  

Sources have maintained that both financings are to support the planned 324MW campus in partnership with Boston, Massachusetts-headquartered real estate investment management firm TA Realty announced in July 2024. 

The initial bridge loan was used to fund a portion of the land acquisition, one source said in August, while two other sources said EdgeConneX may be planning to use the funds to buy out TA Realty from the joint venture.    

Under the partnership, TA Realty was responsible for acquiring the site, and, through its dedicated TA Digital Group LLC hyperscale development arm, would manage power procurement and secure the necessary utilities, zoning approvals, permits, and entitlements, TA Realty's press release said.    

Headquartered in Singapore, Amsterdam and Herndon, Virginia, EdgeConneX owns 32 datacentre campuses, of which 28 are in North America, including two datacentres in the Atlanta market totalling 16MW, according to the company’s website.    

EdgeConneX, EQT, Natixis, MUFG, and SMBC did not respond to request for comment.