ARIZONA NEWS

Data center developer EdgeCore secures $1.9 billion in financing for massive Mesa campus

Jan 7, 2024, 5:00 AM

EdgeCore’s initial 180,000-square foot building in Mesa’s Elliot Road Technology Center. (Jim P...

EdgeCore’s initial 180,000-square foot building in Mesa’s Elliot Road Technology Center. (Jim Poulin/Phoenix Business Journal)

(Jim Poulin/Phoenix Business Journal)

EdgeCore Digital Infrastructure has completed a debt financing deal that will fund and scale its massive data center campus in Mesa.

The Denver-based data center developer and operator announced Jan. 4 it secured $1.9 billion specifically for the campus. One data hall is operational while another two are under construction. Upon completion, EdgeCore’s campus will span more than 3.1 million square feet with 450 megawatts of capacity near Elliot Road and Everton Terrace in southeast Mesa.

“The development of scalable data center campuses designed to support the density requirements of hyperscalers is EdgeCore’s sole focus, and one that we address with sustainable construction, operations and business practices in mind,” said Julie Brewer, senior vice president of finance for EdgeCore, in a statement. “To this end, our Phoenix data center campus in Mesa, AZ is being developed using debt financing from this Green Loan.”

MUFG Bank served as the administrative agent for the loan, which was led by TD Securities, ING Capital LLC, Scotia Bank, Santander as well as MUFG. The financing provides EdgeCore a template for other plans across its portfolio, according to the announcement.

This story is posted in partnership with Phoenix Business Journal. Click to read the full story.

We want to hear from you.

Have a story idea or tip? Pass it along to the KTAR News team here.

Arizona News

Former Arizona State Sen. Tony Navarette was convicted of one count of sexual conduct with a minor ...

ABC15 Arizona

Former Arizona Sen. Tony Navarette convicted of sexual conduct with a minor

Former Arizona State Sen. Tony Navarette has been convicted of one count of sexual conduct with a minor.

1 hour ago

Caution tape at a crime screen and mugshot of a murder suspect...

KTAR.com

Police seek aid in finding Phoenix road rage suspect accused of killing 8-year-old girl

Authorities are asking the public for help in locating a suspect accused of killing an 8-year-old girl during a Phoenix road rage in 2022.

3 hours ago

Machinery used to smooth out fresh pavement on an Arizona highway...

KTAR.com

Parts of US 60, I-10 restricted in Valley this weekend for ongoing improvement projects

Improvement projects in east Mesa and along the I-10 Broadway Curve will create several freeway restrictions this weekend.

4 hours ago

A "vote here" sign sits outside a Phoenix polling place in 2022....

Associated Press

Judge rules Arizona’s new voting laws requiring proof of citizenship aren’t discriminatory

An Arizona district judge has ruled state legislators didn't discriminate when passing new voting laws that require proof of citizenship.

6 hours ago

How Arizona voters can cut through the political noise this election season...

Serena O'Sullivan

How Arizona voters can cut through the political noise this election season

Political noise is ramping up ahead of Arizona's presidential preference election on March 19. Here are a few ways voters can thrive in 2024.

7 hours ago

Fugitive wanted in Georgia may be in Rocky Point, FBI says...

Serena O'Sullivan

Phoenix FBI asking for help finding fugitive wanted in Georgia

The FBI asked the public on Thursday to help find a fugitive wanted in Georgia. Officials believe he has ties to the Phoenix area.

7 hours ago

Sponsored Articles

...

DISC Desert Institute for Spine Care

Sciatica pain is treatable but surgery may be required

Sciatica pain is one of the most common ailments a person can face, and if not taken seriously, it could become one of the most harmful.

...

Collins Comfort Masters

Here’s 1 way to ensure your family is drinking safe water

Water is maybe one of the most important resources in our lives, and especially if you have kids, you want them to have access to safe water.

...

Fiesta Bowl Foundation

The 51st annual Vrbo Fiesta Bowl Parade is excitingly upon us

The 51st annual Vrbo Fiesta Bowl Parade presented by Lerner & Rowe is upon us! The attraction honors Arizona and the history of the game.

Data center developer EdgeCore secures $1.9 billion in financing for massive Mesa campus