Hyperscale information heart supplier Vantage Information Facilities mentioned it has secured a USD 3 billion inexperienced mortgage to fund the continued improvement of its North America information heart platform. The mortgage, from a financial institution syndicate led by structuring financial institution Wells Fargo and joint bookrunners TD Securities, Truist Securities, and Scotiabank, is a revolving credit score facility with an preliminary collateral pool of eight leased and greenfield websites in each new and current markets totalling almost 1.4 GW of IT capability, Vantage mentioned on Tuesday.
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Inexperienced Financing for Sustainable Progress
Moreover, the mortgage affords Vantage the flexibility so as to add extra North American property to this credit score facility sooner or later. At present, Vantage’s North America platform contains 12 campuses throughout the US and Canada.
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“For the previous a number of years, Vantage has prioritized revolutionary funding avenues to help our speedy growth, and this revolving multi-asset improvement financing is not any exception,” mentioned Vantage DC.
“We’re devoted to assembly our prospects the place they want us most. Our resolution to pursue a versatile revolving credit score facility permits us to entry capital rapidly and, due to this fact, start improvement a lot sooner than project-specific loans, enabling Vantage to satisfy the formidable timelines our prospects require for vital IT capability throughout North America.”
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Flexibility Fuels Growth
This new financing is Vantage’s fifth inexperienced mortgage and was secured beneath the corporate’s Inexperienced Finance Framework to fund at the least eight new and current information heart websites.
Vantage just lately secured a USD 6.4 billion fairness funding led by DigitalBridge and Silver Lake in January, adopted by a USD 64 million mortgage to help the event of Vantage’s first campus in Taiwan in March, TelecomTalk reported.
Thus far this 12 months, Vantage has introduced a complete of almost USD 10 billion in financing to drive the corporate’s world progress, the corporate mentioned.
