Linklaters advises Yondr Group on its inaugural £532m green ABS financing for London data centre campus

Linklaters has advised Yondr Group, a leading developer, owner and operator of hyperscale data centres, on its debut public capital markets issuance: a £532 million issuance of term notes backed by a portion of its flagship data centre campus in Slough, near London. This landmark transaction represents the first ever data centre ABS to be rated by Fitch and the first ever European data centre ABS to achieve an AA rating.

The transaction refinances part of Yondr’s 100MW+ Slough campus, comprising three data centres strategically located in one of Europe’s largest data centre hubs. The asset-backed securitisation (ABS) financing covers the first two buildings on the campus, both of which are fully operational and deliver over 60MW of capacity.

The Linklaters team was led by partner Elisabeth Johnson, supported by counsel Benjamin Dewsnip, managing associate Michael Watson and associates Elena Svabic and Soumya Gupta, with additional input from the firm’s Technology, Media and Telecommunications (TMT) team, led by Alaister Johnson and colleagues in Luxembourg.