White & Case Advises Netrality Data Centers on US$380 Million Sustainability-Linked Loan to Support Energy-Efficiency
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Global law firm White & Case LLP has advised Netrality Data Centers, the largest, privately held owner and operator of core interconnection facilities in the United States, on a US$380 million sustainability-linked credit facility.
The financing is comprised of a US$125 million initial term loan, a US$145 million revolving credit facility, and a US$110 million delayed draw term loan. Proceeds will fuel data center expansion projects that embody sustainable designs and implement infrastructural measures to support the reduction of power usage effectiveness levels across Netrality's portfolio.
Netrality owns and operates strategic interconnected data centers and Meet Me Rooms, providing a mix of colocation, powered shell, and wholesale data center solutions driven by fiber-dense network-rich interconnection environments. Its 18 properties span 3.3 million square feet and more than 100 megawatts of capacity across North America.
Well-capitalized with a long-term investment from Macquarie Asset Management, Netrality acquires strategically located core network interconnection data centers that provide best in market network resiliency, ensuring always-on connectivity for latency-sensitive and mission-critical businesses.
The White & Case team was led by partners Kerrick Seay and Andrew Weisberg, and included associate Chiara Eramo (all in New York). They were supported by partner David Pezza and associate Reilly Gaertner (both in Chicago).
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