Ares Management Commits to Extend Sustainability Credit Facility to EdgeConneX®

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NEW YORK & LONDON–(BUSINESS WIRE)–Ares Management Corporation (“Ares”) (NYSE:ARES) today announced that funds managed by its infrastructure debt strategy have committed a sustainability-linked deferred credit facility to EdgeConneX®, the one of the world’s leading providers of complete data center solutions.

The new credit facility provides for a commitment of up to approximately $1 billion and will be used to refinance existing debt and to fund the development and construction of EdgeConneX’s growing development pipeline. In addition, the facility includes a sustainability-related margin adjustment, whereby the interest rate payable is directly correlated to EdgeConneX’s achievement of certain pre-determined sustainability goals. These objectives will be aligned with EdgeConneX’s holistic ESG sustainability strategy: “Customer, People and Planet”. EdgeConneX has a stated goal to become a carbon, waste and water neutral data center provider by 2030 and to develop and operate a data center platform powered by 100% renewable energy.

Founded in 2009 and backed by EQT, EdgeConneX operates a purpose-built high-powered digital infrastructure for customers, ranging from Hyperlocal Edge facilities to Hyperscale data center campuses. With more than 50 data centers located in more than 40 markets across North America, Europe, South America and Asia, EdgeConneX delivers capacity, connectivity, power and proximity in one data center platform enabling providers cloud services, content, network and technology.

“We are delighted to strengthen our longstanding relationship with EdgeConneX and EQT with this significant funding which reinforces our shared commitment to corporate sustainability and responsible investing,” said Spencer Ivey, Debt Strategy Partner at Ares infrastructure. “We believe EdgeConneX is well positioned to benefit from the tailwinds for energy-efficient mission-critical data centers, and we are proud to work with an innovative, purpose-driven company that reinforces Ares’ focus on supporting a just energy transition. »

“This is a pivotal time for EdgeConneX, and we are excited about Ares’ support as we seek to execute our growth plans,” said Randy Brouckman, CEO of EdgeConneX. “This sustainability-related funding underscores our deep commitment to delivering innovative, energy-efficient solutions in new and growing markets that generate lasting value for our customers and stakeholders around the world.”

About Ares Management Corporation

Ares Management Corporation (NYSE: ARES) is a leading global alternative investment manager providing clients with complementary primary and secondary investment solutions across the asset classes of credit, private equity, real estate and infrastructure. We seek to provide flexible capital to support businesses and create value for our stakeholders and within our communities. By collaborating across our investment groups, we aim to generate consistent and attractive investment returns throughout market cycles. As of March 31, 2022, Ares Management Corporation’s global platform had approximately $325 billion in assets under management, with more than 2,100 employees operating in North America, Europe, Asia Pacific and the Middle East. For more information, please visit www.aresmgmt.com. Follow Ares on Twitter @Ares_Management.

About EdgeConneX

Backed by EQT, a global investment organization, EdgeConneX provides a full range of sustainable data center solutions worldwide. We work closely with our customers to provide choices of location, scale, and installation type, from Hyperlocal to Hyperscale. EdgeConneX is a global leader in anytime, anywhere, any scale data center services for a diverse portfolio of industries, including content, cloud, networking, gaming, automotive, SaaS, IoT, HPC, security, etc. With a mission based on caring for our customers, our people and our planet, EdgeConneX strives to enhance your advantage. For more information, visit edgeconnex.com.

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