Latin American data center operator has closed a new financing deal to fund its Chilean operations.

First reported by the Latin America Lawyer, the Digital Realty/Brookfield joint venture has secured $170 million in financing in a deal that closed earlier this month.

ascenty chile 1
– Ascenty

The proceeds will be used by Ascenty for the repayment in full of certain existing financings and capital expenditures around its Chilean operations, as well as for working capital and general corporate purposes.

Philippi Prietocarrizosa Ferrero DU & Uría Chile advised the Bank of Nova Scotia as administrative agent; and MUFG Bank, Natixis (New York Branch), and the Bank of Nova Scotia as lenders.

The company’s first Santiago data center launched in 2020; spanning 7,000 sqm (75,350 sq ft), it offers 10MW in total power and space for 1,100 racks.

The company launched Santiago 2 in August 2022. Located in the Quilicura district of the capital, the facility covers an area of 22,000 sqm (236,800 sq ft), with 16MW of IT load and capacity for up to 1,500 racks.

Ascenty announced plans for a third facility in the Chilean capital in November 2022. Santiago 3 will again offer 16MW across 22,000 sqm.

Mayer Brown acted as New York counsel to the lender; while Magliona Abogados and Skadden Arps Slate Meagher & Flom acted as local and New York counsel to Ascenty, respectively.

Earlier this year, the company secured $1 billion in financing to fuel its Brazilian expansion.