Bradesco BBI was the lead coordinator of the transaction
Brazilian operator Elea Data Centers has concluded the issue of 790 million reais ($145 million) in sustainable debentures.
The sustainability-linked bonds (SLB) are the third operation with this type of instrument and the fifth debenture issue carried out by the company. The bonds are linked to targets related to improving the energy efficiency index (PUE) and increasing female representation in leadership positions.
The funding saw Bradesco BBI as lead coordinator, with participation from UBS BB, BTG Pactual, Itaú BBA, and, for the first time, Santander.
Sustainability-Linked Bonds (SLBs) are financial instruments that link the repayment terms of the issue to the fulfillment of sustainability goals.
According to Alessandro Lombardi, founder and chairman of Elea Data Centers, the funding marks the consolidation of an investment cycle that began last year with the acquisition of new assets in São Paulo.
With the refinancing, these acquisitions - originally made with current liquidity resources - were converted into a long-term investment, resulting in a more efficient capital structure for the company, aligned with sustainable practices.
In July 2024, Elea announced the acquisition of two data centers located in the São Paulo metropolitan region: SPO2, in São Bernardo do Campo, and SPO3, in Barueri.
According to the company, the next fundraising efforts will be directed towards projects focused on AI facilities, including the construction of Rio AI City, a major new gigawatt-scale complex.
Source: DCD
