In the United States, Netrality Data Centers is the largest private company that owns and operates core interconnection facilities, which include:. The company has announced that it has been approved for a $380 million sustainability-linked credit facility (SLL). The letter "J". As the Administrative Agent, the Joint Bookrunner, and the Joint Lead Arranger, Morgan acted as the Administrative Agent, while Societe Generale and TD Securities (USA) LLC acted as Joint Bookrunners, Joint Lead Arrangers, and Sustainability Structuring Agents, respectively.. Furthermore, Huntington Bank acted as the managing agent for the transaction. The facility was also financed by Goldman Sachs, which was also a lender
The facility was also financed by Goldman Sachs, which was also a lender
Netrality will use the SLL to support the expansion of data centers that embody sustainable designs and put in place infrastructural measures that will assist in reducing Netrality's power usage effectiveness ("PUE") levels across a broad range of their data centers.
The SLL is comprised of a $125 million initial term loan, a $145 million revolving credit facility, and a $110 million delayed draw term loan. Netrality will be required to adjust interest payments on the SLL based on Netrality's achievement of annual targets regarding energy-efficient capital expenditures and reduction in portfolio PUE, which will be independently verified by third parties.
As part of Netrality's Sustainable Lighting Initiative (SLL), the facility will be equipped with robust network architectures and energy-efficient infrastructure that will support Netrality's mission to enhance the energy efficiency of its existing data halls as well as adding new data halls in a sustainable manner.. The SLL defines qualifying capital expenditures as defined in the SLL, which are designed to support the sustainable build-out of new data halls that have a design PUE that is less than or equal to 1.. In order to reduce the negative impact that its operations have on the environment, Netrality will also allocate funds to upgrade existing data halls with state-of-the-art technologies and energy-efficient upgrades to reduce current PUE levels and optimize power consumption levels.. To drive more environmentally friendly energy usage, the company will be implementing a variety of sustainability initiatives, including advanced waterless cooling and liquid cooling technologies, artificial intelligence-enabled cooling software, energy-efficient UPS and electrical distribution upgrades, renewable energy purchases, and smart LED lighting to drive more efficient energy consumption.
To drive more environmentally friendly energy usage, the company will be implementing a variety of sustainability initiatives, including advanced waterless cooling and liquid cooling technologies, artificial intelligence-enabled cooling software, energy-efficient UPS and electrical distribution upgrades, renewable energy purchases, and smart LED lighting to drive more efficient energy consumption.
Theodore M. Gerald. It is with great excitement that we are announcing the successful closing of a sustainability-linked loan, marking a significant milestone in our journey to make the future more sustainable," said Marshall, President and Chief Executive Officer of Netrality. With the help of this loan, we are taking a significant step toward achieving our broader environmental commitments, which include reducing carbon emissions, improving energy efficiency, and conserving water.. Furthermore, the loan has played a pivotal role in enabling the expansion of our portfolio, which enables us to meet the ever-increasing demand for capacity and connectivity in an environmentally conscious manner, as well as refinancing a portion of our existing debt.
Furthermore, the loan has played a pivotal role in enabling the expansion of our portfolio, which enables us to meet the ever-increasing demand for capacity and connectivity in an environmentally conscious manner, as well as refinancing a portion of our existing debt.
In the words of Josh Maes, Chief Operating Officer of Netrality, "The objectives of the sustainability-linked loan are aligned seamlessly with Netrality's broader environmental, social, and governance ("ESG") strategy - which is intended to support the sustainability initiatives of all of Netrality's stakeholders, from our valued customers to our lenders and equity investors." A commitment like this underscores our commitment to operating according to ESG principles and promoting environmental stewardship."
As Lana Feteiha, a member of Societe Generale's Sustainable Finance team, pointed out, "this was an especially gratifying deal for Societe Generale to work on, partnering with a leading data center company for a financing arrangement that will spur the expansion of critical technology infrastructure in a more energy efficient, sustainable manner. 
It has been a pleasure to work with TD Securities as a Sustainability Structuring Agent for Netrality's sustainability-linked credit facility. In order to advance the low-carbon economy, digital infrastructure must be decarbonized, and Netrality's commitment to creating sustainable data center environments contributes to this objective," Amy West, Global Head of ESG Solutions at TD Securities, commented.
This is Netrality's second sustainability-focused loan, and this is their second. Netrality announced that it secured a $45 million construction loan on January 11th, 2023, with Oakwood Bank acting as the Administrative Agent, Lead Arranger, and Bookrunner, as well as Blue Sky Bank and Bank Midwest acting as the Bookrunner. As a result of the loan, Netrality will be able to construct a building at its Shawnee, Kansas facility called KC2-7801 Nieman Road that is designed to conserve energy and water. 
With its facilities near the intersection of the densest long-haul fiber optic networks and metro-fiber, Netrality is able to provide customers with interconnection, data transmission, diversity of network services, and global reach through interconnectivity. The recent sustainability-linked financing expands Netrality's capacity to deliver always-on connectivity for latency-sensitive, mission-critical businesses within a framework that is environmentally conscious.
In the transaction, Netrality Data Centers was represented by Andrew Weisberg, Kerrick Seay, and Chiara Eramo of White & Case LLP.
The lenders were represented under the SLL by Stephen Miklus, Skip Sullivan, and Heena Wozny of Morgan, Lewis & Bockius LLP.
The Netrality Data Centers owns and operates strategic interconnection data centers as well as Meet Me Rooms, which provide a variety of colocation, powered shell, and wholesale data center solutions, all of which are based on fiber-dense, network-rich interconnections. As of today, Netrality has 18 properties across North America spanning more than 3.3 million square feet and providing over 100 megawatts of power.
As the largest private owner-operator of core interconnection facilities in the U.S., Netrality is well-capitalized and is backed by Macquarie Asset Management. In order to provide the best network resilience available to latency-sensitive businesses and mission-critical organizations with always-on connectivity, Netrality acquires strategically located core network interconnection data centers that offer best in market network resilience. More information can be found at www.netrality.com, LinkedIn, and Twitter.
The Netrality Data Centers are the source of this information
The Netrality Data Centers, the largest privately held owner and operator of core interconnection facilities in the United States, has announced the addition of MOD to its network of interconnection centers.
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