William Fry is delighted to have advised Echelon Data Centres, the Irish-owned company committed to delivering cleanly-powered and sustainable large-scale data centre assets,  on its debt finance arrangements with affiliates of Starwood Capital Group in an initial amount of up to €855m. The funding will facilitate the construction and completion of data centre facilities with a combined capacity of up to 400MW at Echelon’s four Irish sites in Dublin and Wicklow. This deal represents one of the largest development finance transactions completed in Europe in 2021.  

The William Fry team, performing the role of lead sponsor/borrower legal adviser, was led by both Padraic Kinsella (Banking & Finance) and Stephen Keogh (Corporate & M&A) and included, among many others, David O’Shea (Banking & Finance),  Alex Byrne (Corporate & M&A), Roisin McCaughey (Banking & Finance), Stephanie Kinsella (Banking & Finance), Aoibhin Kelly (Banking & Finance), Eve Kennedy (Corporate & M&A) and Alfie Fitzgerald (Banking & Finance).