A&OShearman has advised maincubes, a leading European data center operator majority-owned by DTCP, as it secured EUR2.475bn in platform debt financing to support its next phase of growth across Germany.
The financing comprises EUR1.775bn of committed facilities and an additional EUR700 million uncommitted accordion provided by a consortium of 11 banks and one institutional fund, with proceeds to refinance the existing portfolio and fund new data center developments.
The transaction will support construction of maincubes' fourth Frankfurt facility (FRA04), the development of its new 200MW+ Berlin campus ("mainHub"), and further expansion of operational sites, within a platform of approximately 400MW.
A&OShearman advised maincubes on the establishment of maincubes' financing platform in 2023.
The A&O Sherman London team advising on the deal was led by partnerJan Skuhravyand included counselMegan Chen-Schlote, senior associateAndrew Wells, and associate Adéla Mackie. The A&OShearman German team advising on the deal included counselStefan Kuhm, senior associateFelix Fitschen, and associatesAnn-Chantal GildehausandSven Luecke.
Commenting on the deal, lead partnerJan Skuhravysaid: "This financing secures the long-term capital structure to enable maincubes to meet accelerating demand for secure, sustainable, high-performance digital infrastructure. maincubes already serves a diverse customer base including governments, public-sector organizations, and global hyperscalers.