SANTA CLARA, CALIF. \u2013 February 20, 2018 Today, Vantage Data Centers (\u201cVantage\u201d) announced that it has successfully issued $1.125 billion in securitized notes.\u00a0 The notes are rated investment grade at A- by Standard & Poor\u2019s.\u00a0 This is the first ever securitization financing completed in the data center industry.<\/p>\n
Vantage operates large scale, wholesale data center facilities in key U.S. markets, with plans underway to expand significantly in its Santa Clara and Ashburn markets, as well as new markets.\u00a0 This offering, combined with equity commitments from Vantage\u2019s sponsors and refinancing of Vantage\u2019s credit facility, result in over $500 million in available liquidity to fund expansion in existing and new markets.<\/p>\n
\u201cVantage continues to lead the way with the data center\u2019s first ever securitization financing,\u201d said Sureel Choksi, Vantage\u2019s President and CEO.\u00a0 \u201cWe were thrilled with the strong response from investors for this offering, which we believe speaks both to the high quality and growth prospects of Vantage\u2019s business.\u00a0 Vantage now has over $500 million in available funding to finance growth in existing markets and accelerate new market expansion.\u201d<\/p>\n
The Notes have not been, and will not be registered, under the Securities Act of 1933, as amended, and may not be offered or sold absent such registration, or an applicable exemption from the registration requirements thereunder. This press release is neither an offer to sell, nor a solicitation of an offer to buy any Notes nor shall there be any sale of the Notes in any state or jurisdiction in which the offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such jurisdiction.<\/p>\n
About Vantage Data Centers<\/strong><\/p>\n Vantage is a leader in highly scalable, flexible and efficient data center solutions offering unique value through its commitment to exceptional customer service. Operating campuses in Silicon Valley, California, and Quincy, Washington, Vantage offers industry leading data center design solutions engineered to meet the unique requirements of enterprises, technology companies and service providers. Vantage\u2019s first Silicon Valley campus includes five data centers totaling 60 MW of critical IT load, with an additional 15 MW of expansion capacity under construction. In addition, Vantage is developing a second Vantage Silicon Valley campus offering an additional 69 MW of capacity. Vantage also operates a 6 MW data center in Quincy, Washington with capacity to add four additional data centers to the campus.\u00a0 Vantage has also initiated development of a new 108 MW campus in Northern Virginia.<\/p>\n