Milbank LLP advised Natixis as lender in connection with a powered land financing for Yondr, a global developer, owner and operator of hyperscale data centers.
The transaction supports the expansion of Yondr’s next-generation data center campus infrastructure in a key US market, helping to meet rising demand for scalable, energy-ready facilities driven by cloud computing and AI technologies.
“This transaction marks a significant milestone in the development of critical digital infrastructure,” said Real Estate partner Alex Meirowitz. “We’re proud to support our client as they expand their footprint and accelerate the buildout of high-capacity, energy-ready data center campuses to meet the growing demands of cloud and AI-driven technologies.”
“We are excited to continue working on important transactions throughout the data center value chain, ranging from powered land/behind-the-meter financings, to GPU financings, to data center and development facilities. Transactions like this one reflect the depth of our experience at the intersection of energy, real estate and technology,” said Dan Bartfeld, chair of the firm’s Global Project, Energy and Infrastructure Finance Group.
The Milbank team was led by Mr. Meirowitz and Mr. Bartfeld along with Global Project, Energy and Infrastructure Finance partner Jaime Ramirez and associate Sama Rahman; and Real Estate associates Christina Wing and Daniel Acosta.
Milbank’s Digital Infrastructure team has led over $65 billion of data center and related transactions in the past year and is a leader in the digital infrastructure space throughout the value chain, including chip foundries, GPU procurement, data centers (and associated power solutions), fiber and towers.
