Ropes & Gray has advised AtlasEdge, a leading European data centre provider, on its €253 million greenfield financing arrangements to support the development of its state-of-the-art data centre campus in Lisbon. The seven-year senior secured Term Bond facility is divided into two tranches: Facility A of €63 million to finance the construction of LIS001, and Facility B of €190 million to finance the construction of LIS002.
The Lisbon campus will deliver 30MW across three phases. LIS001 launched this week, with capacity already contracted by top-tier customers and service set to go live by the end of 2025. LIS002 is in the master planning phase with Ready for Service scheduled for 2028. AtlasEdge has also acquired a 10,000 square-metre plot contiguous with LIS002, which will host the campus’s third data centre, LIS003.
The campus will offer low-latency connectivity to Europe, Africa, the Middle East, and the Americas, solidifying Lisbon’s position as a leading digital gateway. Portugal is a key market for AtlasEdge, and part of a strategic plan that will see the company invest more than €500 million in the country over the coming years.
The Ropes & Gray team was led by finance partner Alex Robb with support from associates Chad Parkinson, Kahill Sarronwala, and Oscar Burman.
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