EdgeCore secures $1.5 billion financing for two hyperscale data centers in Virginia

US data center developer EdgeCore Digital Infrastructure secured $1.5 billion in debt financing to complete two hyperscale data centers in Northern Virginia. The financing consists of two limited-recourse senior secured term loans led by a consortium including Apterra Infrastructure Capital, Global Infrastructure Partners, and ING Capital. The AS01 loan was structured as a Green Loan with ING Capital LLC serving as the sole Green Loan Structuring Agent. The two facilities, AS01 and AS02, will provide a combined 114MW of critical load across 685,000 square feet in Sterling, Loudoun County, with AS01 scheduled to go live in November 2026 and AS02 in July 2027. Power for both data centers will be supplied by Dominion Energy, supporting EdgeCore's expansion plans in Virginia as part of its $1.2 billion investment program announced after its 2022 acquisition by Partners Group. The financing follows EdgeCore's March 2025 $2 billion financing round and July 2025 $235 million asset-backed securitization, demonstrating consistent capital access for its rapid build-out strategy.

Counterparts (4)

borrower

EdgeCore Digital Infrastructure

company · 1 deals

EdgeCore Digital Infrastructure develops and operates data centers across North America. They focus on providing scalable, cloud-connected facilities for hyperscale, cloud, and enterprise customers.

Lender

I

ING Capital LLC

company · 1 deals

Global Infrastructure Partners

company · 8 deals

Global Infrastructure Partners (GIP) is a leading independent infrastructure fund manager with over $100 billion in assets under management, investing across energy, transport, water, and digital infrastructure globally. The firm focuses on large-scale equity investments in operating and brownfield assets.

Apterra Infrastructure Capital

company · 1 deals

Apterra Infrastructure Capital LLC is an infrastructure finance platform, an affiliate of Apollo Global Management, providing global debt financing solutions across renewable energy, conventional power, midstream energy, digital and transportation infrastructure.