SANTA CLARA, CA (Dec. 3, 2018) – Vantage Data Centers, a leading provider of wholesale data centers in support of business and mission-critical applications, today announced that it has successfully issued $225 million principal amount of securitized notes. The notes are rated A- by Standard & Poor’s. This issuance, the Series 2018-2 notes, generally rank pari-passu with Vantage’s up to $1.125 billion aggregate principal amount of Series 2018-1 notes issued in February 2018, which was the first ever securitization financing completed in the data center industry.
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 $500 million in available capital to fund data center expansions.
“As the market opportunity continues to accelerate, Vantage has explored both new and traditional financing options to support our growth strategy, and we’ve been pleased with the response from the investment community,” said Sharif Metwalli, Vantage’s CFO. “This transaction provides us with additional dry powder to finance our growth in existing and new markets, meeting our hyperscale, cloud and enterprise customers where they need the wholesale, sustainable facilities we provide.”
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.
About Vantage Data Centers
Vantage Data Centers is a leading North American wholesale data center services provider in three strategic markets: Silicon Valley; Northern Virginia; and Quincy, Washington. Vantage has seven operational facilities totaling 81MW of capacity and two additional facilities currently under construction totaling 51MW. The company provides highly scalable, flexible and efficient data center solutions to hyperscale, cloud and enterprise customers, offering unique value through its commitment to exceptional customer service and sustainability. For more information, please visit www.vantage-dc.com.
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Vantage Data Centers
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