Polish data center operator Atman has raised PLN 1.35 billion (~$345m) to further its developments in Poland.
The loan has been provided by six financial institutions from Poland and wider Europe, the names of which have not been shared, reports Mobile Europe.
The loan is dependent on standard financial requirements, but will also require Atman to meet energy efficiency and corporate sustainability requirements.
In January 2023, Atman announced that 100 percent of the energy consumed by its facilities would be offset with renewable energy via guarantees of origin from energy firm RES.
The majority of the funding will go towards developing Atman's WAW-3 DC campus on which the company broke ground in October 2023. That data center is located in Duchnice, just outside of the capital Warsaw, and will eventually house three buildings with a total colocation area of nearly 19,000 sqm (204,515 sq ft) across 36 data halls and offer 43MW of capacity - enough for 50,000 servers.
The campus is being developed in phases, the first of which is one building offering 14.4MW of IT capacity which will be finished by Q4 2024.
The rest of the financing will go towards helping Atman expand its other two sites in Poland, which are in Warsaw and comprise eight colocation facilities with 10,500 sqm (113,020 sq ft) of IT space and 73MW of total power. This is set to expand by 3,600 sqm (38,750 sq ft).
Atman CFO Wojciech Sadowski said: "The support provided to Atman by six leading financial institutions is the largest syndicated loan obtained in Poland for the development of data centers. The excellent condition of the company has been recognized by domestic and foreign financing institutions in the form of loans granted, which will enable further dynamic development of Atman as a leading data center player in Poland and the CEE region."
Atman has been operating in Poland since 2011. In 2020, it was acquired by Global Compute Infrastructure, a data center infrastructure platform backed by Goldman Sachs Merchant Banking Division.
