Ropes & Gray Advised AtlasEdge On €253 Million Greenfield Financing For Lisbon Data Centre Campus Expansion

Ropes & Gray advised AtlasEdge on €253 million greenfield financing for Lisbon data centre campus expansion

The global law firm, Ropes & Gray, advised AtlasEdge, a leading European data centre provider, on its €253 million greenfield financing arrangements to support the development of its state-of-the-art data centre campus in Lisbon. The seven-year senior secured Term Bond facility comprises two tranches: Facility A of €63 million to finance the construction of LIS001, and Facility B of €190 million to finance the construction of LIS002.

The Lisbon campus will deliver 30MW across three phases. LIS001 launched this week, with capacity already contracted by top-tier customers and service scheduled to go live by the end of 2025. LIS002 is currently in the master planning phase with Ready for Service targeted for 2028. AtlasEdge has also acquired a 10,000 square-metre plot adjacent to LIS002, which will accommodate the third data centre, LIS003. This expansion will strengthen Lisbon’s position as a major digital gateway to Europe, Africa, the Middle East, and the Americas. Portugal remains a key market for AtlasEdge, which plans to invest more than €500 million in the country in the coming years.

The Ropes & Gray team comprised Alex Robb (Partner), Chad Parkinson (Associate), Kahill Sarronwala (Associate), and Oscar Burman (Associate).

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