Vantage Data Centers, acquired by Digital Bridge in 2017, announced this week that in August the company raised $548 million in new securitized notes. In addition, the company raised $144 million in project-based construction debt financing from a consortium of banks. The proceeds will be used to refinance existing floating rate credit facilities, significantly reducing interest expense, and to fuel the development of data centers across North America.
“Vantage continues to pioneer not only best-in-class data center infrastructure but also industry-leading capital formation and deployment strategies that together enable the company to meet the demands of our hyperscale customers,” said Sharif Metwalli, Vantage’s CFO.
August 30, 2019
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