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EdgeCore Digital Infrastructure has completed a $235 million asset-backed securitization deal. The move will help refinance construction loans and fund upcoming green data center projects.

The ABS package is the first in an expected series of similar fundings meant to help the company expand their footprint. The transaction also includes green bonds, with the first two tranches of notes receiving S&P ratings of A- and BBB-.

The company’s PH01 data center, a 200,880-square-foot facility with a 26-megawatt capacity, backs the loan. The building is currently fully leased to a single hyperscale tenant.