Vantage Data Centers, a leading global provider of hyperscale data center campuses, today announced that the company has raised $1.35 billion in securitized notes. The notes include (i) $1,026M five- and seven-year Class A Term Notes (Series 2023-1 A-2a and Series 2023-2 A-2), (ii) C$380M Canadian dollar Class A tranche (Series 2023-1 A-2b, ~$286M USD equivalent) and (iii) $43M Class B Notes (Series 2023-1 B). The Class A Notes & Class B notes are rated A- and BBB- respectively by Standard & Poor’s.
The proceeds from this transaction are primarily being used to refinance existing financings in place for three data centers on the company’s flagship Northern Virginia campus and five data centers in the province of Quebec, Canada, as well as to fund general corporate needs.
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