IFC brings other lenders to Odata loan

IFC brings other lenders to Odata loan

Loans Debt Technology Coronavirus Brazil

The International Finance Corporation (IFC) said Friday that it had brought in two lenders, Itaú BBA and SMBC, for a $30 million loan to Brazilian data center operator Odata. The eight-year financing complements a nine-year, $30 million facility that IFC granted to Odata in November 2020, the World Bank's private sector division said in a press release. Odata will use the proceeds from both tranches to expand three data centers in Brazil, IFC added. "After the COVID-19 pandemic, increased invest

Already have an account?

Free trial

Take a free two-week trial now for the latest news, data and market analysis.

Free Trial