eStruxture Data Centers (EDC) has secured CDN$170 million (US$127m) in financing.
The Canadian data center provider secured the credit facility from a variety of financial institutions, including Scotiabank, National Bank, BMO, and Deutsche Bank, many of which have been long-term investors in EDC.
The company said the financing will enable EDC to further expand across Canada.
“We continue to experience an increased demand in data center capacity across all the markets that we serve and this financing will boost our ability to bring additional capacity online, faster,” says Todd Coleman, founder, president, and CEO of eStruxture.
Fabian Goehring, managing director at Deutsche Bank, said that he is “delighted to continue to support eStruxture as they continue to grow and flourish in the Canadian data center market.”
In 2021, Deutsche Bank provided the credit facility for eStruxture’s US$487m financing from Caisse de dépôt et placement du Québec and Fengate Asset Management.
EDC, founded in 2017, claims to be the largest pan-Canadian data center operator and has 15 facilities in the major markets, including Montreal, Calgary, Toronto, and Vancouver, offering both cloud and colocation solutions.