A&O Shearman advises maincubes on EUR2.475 billion platform financing

The financing comprises EUR1.775bn of committed facilities and an additional EUR700 million uncommitted accordion provided by a consortium of 11 banks and one institutional fund, with proceeds to refinance the existing portfolio and fund new data center developments.

The transaction will support construction of maincubes’ fourth Frankfurt facility (FRA04), the development of its new 200MW+ Berlin campus (“mainHub”), and further expansion of operational sites, within a platform of approximately 400MW.

A&O Shearman advised maincubes on the establishment of maincubes’ financing platform in 2023.

The A&O Sherman London team advising on the deal was led by partner Jan Skuhravy and included counsel Megan Chen-Schlote, senior associate Andrew Wells, and associate Adéla Mackie. The A&O Shearman German team advising on the deal included counsel Stefan Kuhm, senior associate Felix Fitschen, and associates Ann-Chantal Gildehaus and Sven Luecke.

Commenting on the deal, lead partner Jan Skuhravy said: “This financing secures the long-term capital structure to enable maincubes to meet accelerating demand for secure, sustainable, high-performance digital infrastructure. maincubes already serves a diverse customer base including governments, public-sector organizations, and global hyperscalers.