Yondr Group, a leading global developer, owner and operator of hyperscale data centers, has secured two new corporate facilities, demonstrating its balance sheet strength. The new facilities are designed to enhance Yondr’s ability to scale rapidly across Europe and North America as demand for digital infrastructure continues to accelerate.

The financings comprise a new Global Letter of Credit (LC) Facility and a European Holdco Facility, together providing Yondr with enhanced financial flexibility to support campus growth, accelerate delivery timelines, expand into new markets and secure additional capacity across its growing international platform.

The new standalone Global LC Facility has been established to support utility-related letter of credit requirements – an increasingly important component of securing power for large-scale digital infrastructure developments.

As demand for cloud and AI infrastructure continues to grow, access to powered land has become one of the most significant supply constraints facing the data center industry. Utility providers are increasingly requiring stronger security commitments to allocate power capacity and, by securing substantial LC capacity, Yondr is positioned to move quickly and competitively in securing power connections for future developments across North America and Europe.

The Global LC Facility was arranged by Natixis, together with RBC Capital Markets and Société Générale as lenders. Yondr was represented by Linklaters LLP as Sponsor Counsel, while Milbank LLP acted as Lender Counsel.

Alongside this, Yondr has also secured a European Holdco Facility to provide additional capital across its predominantly stabilised European platform. The facility is designed to support continued growth across the region, reduce asset-level leverage and provide additional funding flexibility as Yondr continues to expand its European footprint.

Lenders to the Holdco Facility include BNP Paribas, IFM Investors, F2i and Principal Asset Management. Yondr was represented by Simpson Thacher & Bartlett LLP as Sponsor Counsel, while Latham & Watkins acted as Lender Counsel.

Sandip Mahajan, CFO at Yondr, said: “Yondr’s balance sheet strength facilitated us establishing these facilities and they represent another important step in enhancing Yondr’s ability to scale at pace across key global markets. Demand for digital infrastructure continues to accelerate and having the right financial structures in place is critical to maintaining speed, flexibility and execution certainty.

“Access to power is becoming increasingly competitive across the industry, and these facilities further strengthen our ability to move quickly and decisively in securing strategic opportunities across both Europe and North America.”

Darragh Kiely, VP Corporate Finance & Capital Markets at Yondr, added: “We’ve worked closely with a strong group of financial partners to establish facilities that support both the immediate needs and long-term growth ambitions of the business.

“With incremental capacity across both financings, these facilities are particularly important for us as the market continues to evolve and our capital requirements grow. Together, these financings provide a strong platform from which Yondr can continue expanding its global footprint and delivering critical data center capacity at scale.”