EQT’s EdgeConnex Taps Morgan Stanley for Data Center-Backed Debt

EQT's EdgeConnex, a data center operator, has appointed Morgan Stanley to explore financing options for its expanding European operations, according to sources familiar with the matter. EdgeConnex, which is backed by private equity firm EQT, is seeking debt financing to support its growth in the European market. The company operates a network of data centers across Europe and is looking to raise capital to continue this expansion. The specific details of the financing plan, including the amount of debt being sought, have not been disclosed. However, the move is a reflection of the growing demand for data center services in Europe as businesses increasingly rely on cloud computing and digital infrastructure. The appointment of Morgan Stanley as the financial advisor suggests that EdgeConnex is exploring various financing options, including bonds or loans, to fund its European expansion. The outcome of these discussions could have implications for the company's future growth and its position in the competitive data center market.