Vantage Data Centers completes USD 225m financing

Vantage Data Centers, a provider of wholesale data centers in support of business and mission-critical applications, has successfully issued USD 225 million principal amount of securitized notes, the company said.

The notes are rated A- by Standard & Poor´s. This issuance, the Series 2018-2 notes, generally rank pari-passu with Vantage´s up to USD 1.125 billion aggregate principal amount of Series 2018-1 notes issued in February 2018, which was the first ever securitization financing completed in the data center industry.

The proceeds of the offering will be used to repay the current outstanding principal balance of Vantage´s Series 2018-1 Class A-1 variable funding notes and for general corporate purposes, including the future development of data centers.

This offering, combined with the company´s existing liquidity, results in more than USD 500 million in available capital to fund data center expansions.

Vantage Data Centers is a leading North American wholesale data center services provider in three strategic markets: Silicon Valley; Northern Virginia; and Quincy, Washington. Vantage has seven operational facilities totaling 81MW of capacity and two additional facilities currently under construction totaling 51MW. For more information, visit www.vantagedatacenters.com.