Press Release

Vantage Data Centres raises £1.1 billion in securitised notes for North American platform

Fri 13 Oct 2023

Vantage Data Centres today announced​​ that the company has raised £1.1 billion ($1.35 billion) in securitised notes.

The proceeds from this transaction are primarily being used to refinance existing financings in place for three data centres on the company’s flagship Northern Virginia campus and five data centres in the province of Quebec, Canada, as well as to fund general corporate needs.

“This transaction is Vantage’s ninth securitisation financing since 2018. It’s also our fourth green financing bringing our total green loan financings to more than $2 billion. 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,” said Sharif Metwalli, Chief Financial Officer at Vantage Data Centres.

The notes include:

  • £837,067 ($1,026 million) five- and seven-year Class A Term Notes (Series 2023-1 A-2a and Series 2023-2 A-2),
  • £227 million ($286 million) Canadian dollar Class A tranche (Series 2023-1 A-2b)
  • £35 million ($43 million) Class B Notes (Series 2023-1 B).

The Class A Notes & Class B notes are rated A- and BBB- respectively by Standard & Poor’s.

Senior Managing Director at DigitalBridge, Jon Mauck, said he looked forward to further building on Vantage’s momentum to drive value for our stakeholders, globally.

“Vantage is uniquely positioned for long-term growth with a leading digital infrastructure platform designed for the world’s preeminent hyperscalers and cloud providers,” said Mauck.

Deutsche Bank Securities acted as Sole Structuring Advisor. In addition to Deutsche Bank, Societe Generale, Truist Securities and Wells Fargo Securities acted as Joint Active Bookrunning Managers on the transaction.

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