Milbank LLP was honored to receive the 2024 Asia-Pacific Digital Infrastructure Deal of the Year award by Proximo for advising on the financing of AdaniConneX’s portfolio of hyperscale data centers to be built in India.
Milbank represented the finance parties in the up to $1.44 billion financing of the data center portfolio – India’s largest sustainability-linked data center financing – which provides for margin adjustments when certain key performance indicators are achieved. The facility also includes several innovative features, such as a syndicated guarantee-backed assurance program to support the project’s procurement strategy.
The Milbank team was led by partner James Orme and special counsel Rosaline Yusman and included associates Zhen Yang Kua, Deirdre Swift and Wei Sheng Lee.
Proximo award winners are selected based on input from the publication and peer firms.
