Vantage Data Centers, a DigitalBridge Group (NYSE: DBRG) portfolio company, announced that it has raised $1.35 billion in securitized notes. The proceeds from this transaction will mainly be used to refinance existing notes on three data centers on the company’s flagship Northern Virginia campus and five data centers in the province of Quebec, along with funding general corporate needs.
Vantage Data Centers operates large scale data center campuses that support hyperscalers, cloud providers and large enterprises in North America, EMEA and Asia Pacific. Moreover, this transaction achieved a Green Bond designation via a Second-Party Opinion from Morningstar Sustainalytics in September. The company indicates this transaction represents its largest debt transaction to date and its fourth green financing.
“This transaction is Vantage’s ninth securitization financing since 2018. It’s also our fourth green financing bringing our total green loan financings to more than $2 billion,” said Sharif Metwalli, Vantage CFO. “This financing provides an even stronger financial position for our North American platform and enables us to continue scaling the business to meet customer demand in an environmentally friendly way.”
“Vantage is delivering on its growth strategy, and despite inflation and the challenging capital markets, investors continue to be confident in Vantage’s ability to execute as evidenced by this securitization,” said Jon Mauck, senior managing director at DigitalBridge. “Vantage is uniquely positioned for long-term growth with a leading digital infrastructure platform designed for the world’s preeminent hyperscalers and cloud providers.”
Vantage recently announced that AustralianSuper, Australia’s largest pension fund, will invest $1.6 billion to acquire a significant minority stake in Vantage’s EMEA business, joining DigitalBridge as a key shareholder, Inside Towers reported. The company said that investment will help accelerate its ability to scale its EMEA footprint to meet growing customer demand.
By John Celentano, Inside Towers Business Editors
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