At a glance
- Infranity's anchor gives the round a named lead alongside sponsor Oaktree.
- Lenders pricing data-center credit size the underwrite against the platform's 1 gigawatt of capacity live or under development.
- Private Wealth Daily previously reported a $780 million platform growth facility for Pure DC with an accordion that can expand it to about $1.9 billion.
Infranity anchored a €700 million ($780 million) financing round for Pure Data Centres Group, the Oaktree Capital Management-backed developer and operator of data centers for hyperscale customers. Terms were not disclosed.
Infranity's anchor gives the round a named lead alongside sponsor Oaktree. The capital supports continued development of a platform with 1 gigawatt of capacity live or under development across Europe and other international markets. Operating and in-flight assets serve hyperscale customers under long-term contracts.
Lenders pricing data-center credit size the underwrite against the platform's 1 gigawatt of capacity live or under development. How much of that capacity is already contracted, and where the new money ranks against Oaktree's other borrowings, are the key diligence questions.
Private Wealth Daily previously reported a $780 million platform growth facility for Pure DC with an accordion that can expand it to about $1.9 billion. The dollar value in the IREI report matches it, which suggests the two accounts describe the same borrowing. That facility took Pure DC's 12-month financing to more than $6.2 billion.
Reported by the Real estate debt desk from Institutional Real Estate, Inc. (IREI). Published . Corrections