EcoDataCenter has successfully issued its inaugural SEK 1 billion senior unsecured bonds, to enable further investments in critical AI infrastructure. Thereby strengthening its position as a leading player in sustainable, energy-efficient data centres for AI in Europe.
The bond issue generated strong demand from institutional investors, underscoring the market’s confidence in EcoDataCenter’s business plan.
“AI is a dynamic investment area with enormous potential to drive growth and productivity. Scaling AI requires capital. This is an important milestone for us, on our journey to become the leading European player in AI-infrastructure,” said Peter Michelson, CEO of EcoDataCenter.
Europe demands ambitious investments in AI infrastructure to maintain global competitiveness and drive innovation. EcoDataCenter has quickly established itself as a leader in this space, with several recent announcements supporting its expansion.
In early September 2024, it was announced that EcoDataCenter would partner with AI-company, CoreWeave, to build one of Europe’s largest AI clusters in Falun. Two weeks later, EcoDataCenter purchased a 20-hectare industrial site in Borlänge with an initial capacity of 240MW, to establish one of Europe’s largest data centres.
“The demand for data centres that can combine the latest technology with high energy efficiency and with a low climate footprint is strong and constantly increasing,” added Michelson. “We are very well positioned to capitalise on the growth opportunities in the sector.”
The senior unsecured bonds are issued by EcoDataCenter’s holding company – EcoDC Holding AB – under a framework of SEK 2 billion, with a tenor of three years and a floating interest rate of STIBOR three months plus 4.75% per annum. EcoDataCenter intends to apply for the listing of the bonds.
ABG Sundal Collier AB acted as sole arranger in connection to the issuance of the bonds. Roschier Advokatbyrå AB acted as legal counsel.
