Elea Digital, which describes itself as the largest platform with the highest number of operational data centres in Brazil, has announced a new R$570 million (US$115.9 million) issuance of debentures linked to sustainable goals for the expansion of data centre infrastructure in Brazil.
The company says the proceeds from the new issuance will facilitate ongoing organic expansion and aligning the company’s infrastructure with international standards.
Elea Digital, which boasting seven assets across five states, says the issued debentures take the form of sustainability-linked bonds, and a pledge by the company to maintain energy efficiency, significantly reduce water consumption, and have female leadership in over 40% of managerial positions.
The project envisions Elea Digital increasingly being led by women in the coming years — a commitment that, if not met, will result in penalties and higher interest rates for the company.
This marks the fourth issuance by Elea Digital, a publicly traded company that, in three years, has raised over R$1.5 billion (US$304.9 million) in Brazilian and international capital markets, including rounds of capital and debenture issuances. It is the second time the company has issued debentures linked to sustainable goals.
Four financial institutions in the country have expressed interest in financing Elea Digital due to its commitment to the ESG agenda, and, the company suggests, this issuance may encourage other companies to follow suit.