Adani’s Data Center JV Seeking Second Dollar Loan in Six Months
- AdaniConnex in discussions to raise up to $400 million in loan
- Money to be used to finance company’s growth plans this year
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An Adani Group joint venture with EdgeConneX is in talks with a group of global lenders to raise as much as $400 million via an offshore loan, which may be the company’s second such transaction since June.
Data center provider AdaniConneX Private Ltd. will use the money to fund its growth plans this year, with a five year tenor under discussion, according to people familiar with the matter, who asked not to be identified because the matter is private.