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Financing · Evidence brief

Edged US secures nearly $2B for AI-ready data-center buildout

Edged US + Morgan Stanley + TD Securities + Credit Agricole CIB

Primary sourcePress release only2026-05-28
Deal structureData-center financing / multi-site AI-ready campus development
GeographyAtlanta, Georgia + Chicago, Illinois + Council Bluffs, Iowa / broader U.S. Edged platform
Infrastructure layersFinancing + data centers + cooling + cloud capacity
Disclosed scaleNearly $2B of cumulative 2026 financing, anchored by a $1.3B Senior Secured Notes offering for Atlanta and Chicago build-to-suit data centers plus a construction loan for a 200 MW Council Bluffs campus

Why it matters

The strategic read

Adds another securitized-credit marker for the AI-ready data-center buildout. Edged is packaging multiple long-term leased, build-to-suit campuses and a 200 MW Iowa campus into institutional financing, while emphasizing waterless cooling, liquid-to-chip readiness and high-efficiency designs for AI training and inference workloads.

Source-supported terms

What was disclosed

  1. 01

    Edged US announced nearly $2B in cumulative year-to-date financing for sustainable, AI-ready digital infrastructure across Atlanta, Chicago and Council Bluffs.

  2. 02

    The financing is anchored by a $1.3B Senior Secured Notes offering priced in April 2026.

  3. 03

    Edged described the notes as the first data-center-sector bond offering of its kind to support simultaneous development of multiple sites serving different customers.

  4. 04

    The notes support two large-scale build-to-suit data centers at Edged campuses in Atlanta and Chicago under long-term leases.

  5. 05

    Morgan Stanley served as Lead Left Bookrunner for the Senior Secured Notes offering.

  6. 06

    The financing package also includes a construction loan for continued development of Edged US’ 200 MW campus in Council Bluffs, Iowa.

  7. 07

    TD Securities and Credit Agricole CIB served as Coordinating Lead Arrangers for the Council Bluffs construction loan.

  8. 08

    Edged said the Atlanta campus delivers 169 MW of critical IT capacity purpose-built for AI training and inference at scale.

  9. 09

    Edged highlighted ThermalWorks waterless cooling, liquid-to-chip cooling capabilities and a targeted 1.15 portfolio-wide design PUE.

  10. 10

    The company says its North American footprint includes Atlanta, Chicago, Columbus, Council Bluffs, Dallas, Des Moines, Kansas City and Phoenix.

Disclosure boundary

What is known—and what is not

Primary company announcement; full note indenture, loan agreement, lease counterparties, Atlanta and Chicago site-level critical-load split, Council Bluffs construction schedule, pricing, covenants, collateral package, customer identities, utility agreements and EPC awards are not fully public.