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Netrality Data Centers secures US$380M sustainability-linked loan to support energy-efficiency

Netrality Data Centers secures US$380M sustainability-linked loan to support energy-efficiency

Data CentresFacilities & ServersNorth AmericaOperations & SystemsTop Stories

Netrality Data Centers – one of the largest, privately held owners and operators of core interconnection facilities in the US – has announced it has secured a US$380 million sustainability-linked credit facility (SLL).

The SLL will fuel data centre expansion projects that embody sustainable designs and implement infrastructural measures to support the reduction of Power Usage Effectiveness (PUE) levels across Netrality’s portfolio.

The SLL 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. Interest payments on the SLL are adjusted based on Netrality achieving annual targets related to energy-efficient capital expenditures and reduction in portfolio PUE, which will be externally verified by third parties.

The SLL reinforces Netrality’s mission to enhance the energy efficiency of its existing data halls and sustainably add new data halls – equipped with robust network architectures and energy-efficient infrastructure that meets critical power utilisation goals. Qualifying capital expenditures defined in the SLL will support the sustainable buildout of new data halls with a design PUE of less than or equal to 1.5.

Cognizant of the environmental impact of its operations, Netrality will also allocate funds toward advancing existing data halls with state-of-the-art technologies and energy-efficient upgrades to optimise power consumption and lower current PUE levels.

Sustainability initiatives will include advanced waterless cooling and liquid cooling technologies, AI-enabled cooling software, high-efficiency UPS and electrical distribution upgrades, renewable energy purchases and smart LED lighting to drive greater environmentally responsible energy usage.

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