Vantage Data Centers, a Santa Clara, Calif.-based provider of wholesale data centers in support of business and mission-critical applications, issued $225m principal amount of securitized notes.
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 $500m in available capital to fund data center expansions.
Vantage Data Centers is a wholesale data center services provider in three strategic markets: Silicon Valley; Northern Virginia; and Quincy, Washington. The company has seven operational facilities totaling 81MW of capacity and two additional facilities currently under construction totaling 51MW.
FinSMEs
03/12/2018