Adani's data center JV seeking second dollar loan in six months

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Key Points

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 companys 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...

AdaniConnex raised $213 million debt in June to build two data centers with an total capacity of 67MW, part of the groups plans to spend about $1.5 billion on this business in the next three years...

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