White & Case advises lenders on Borealis Data Center financing

Global law firm White & Case LLP has advised the lenders on a US$148 million financing for Borealis Data Center, which is 92.2 percent owned by Vauban Infrastructure Partners through its Fund Core Infrastructure Fund III SCS SICAV-SIF.

The financing was carried out by the French infrastructure investment firm Infranity through US$135 million term loans, and Iceland’s Arion Bank through US$13 million revolving credit facilities.

The transaction will enable Borealis Data Center, a sustainable data centers builder and operator, to finance the expansion of its campuses in Iceland and Finland and to continue to support and attract artificial intelligence and high performance computing customers.

The White & Case team in Paris which advised on the transaction was led by partner Amaury de Feydeau and included associates Tsveta Pencheva, Fairuz Ben Lahcen and Augustin Batsale.

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