Under the Green Finance Framework, the company secures Wells Fargo-led financing to fund at least eight new and existing data center sites
DENVER–(BUSINESS WIRE)–Vantage Data Centers, the world’s leading provider of hyperscale data center campuses, today announced that it has entered into a banking syndicate led by structured bank Wells Fargo Securities LLC and joint book-running manager TD. announced that it had secured a $3 billion green loan from Securities, Truist Securities, Inc., and Scotiabank will fund the continued development of the North American data center platform.
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Renderings of Vantage Data Centers' third campus in Northern Virginia, VA3, will include 288MW of capacity across 2.3 million square feet when fully developed. (Figure: Business Wire)
The financing is a revolving credit facility with an initial collateral pool of eight leases and greenfield sites representing a total of approximately 1.4GW of IT capacity in both new and existing markets. Compared to typical project-specific construction loans, this model enables Vantage and its customers to reduce time to market. Additionally, this financing will allow Vantage to add additional North American assets to this credit facility in the future. Vantage's North American platform currently includes 12 campuses across the United States and Canada.
Christophe Strauven, Vantage's senior vice president of capital markets, said: “Over the past several years, Vantage has prioritized innovative financing vehicles to support our rapid expansion, and this revolving multi-asset development loan is no exception.” “We are dedicated to serving our customers where they need us most. Our decision to pursue a flexible revolving credit facility allows us to quickly access funds. “This allows us to start development much faster than with project-specific financing, allowing Vantage to meet the ambitious timelines our customers demand from critical IT capabilities across North America.”
Sharif Metwalli, Chief Financial Officer of Vantage, said: “We are grateful for their support in supporting our ability to develop digital infrastructure that supports next-generation technologies, from cloud transformation to artificial intelligence (AI).”
The new financing, Vantage's fifth green loan, was secured under the company's green finance framework, which supports a holistic approach to environmental, social and governance (ESG) principles. Vantage is dedicated to the sustainable development, delivery, and operation of data center facilities and will leverage green loans to research and develop next-generation sustainable features in areas such as energy efficiency, water management, and pollution prevention. We are working to support and operate in collaboration with companies. Carbon reduction goals for your company and your customers.
So far this year, Vantage has announced funding totaling nearly $10 billion to fuel the company's continued global growth. In addition to today's announcement, the company announced a $6.4 billion equity investment led by DigitalBridge and Silver Lake in January, followed by a $64 million loan in March to support the development of Vantage's first campus in Taiwan. Announced.
To learn more about the company's growing global portfolio, please visit https://vantage-dc.com/data-center-locations/.
About Vantage data centers
Vantage Data Centers power, cool, protect, and connect technology from the world's most renowned hyperscalers, cloud providers, and large enterprises. Developed and operated across five continents in North America, EMEA, and Asia Pacific, Vantage is innovatively evolving data center designs to deliver reliability, efficiency, and flexibility in a flexible environment that can scale quickly as market demands. , we have achieved dramatic improvements in sustainability.
For more information, please visit https://www.vantage-dc.com.
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mark freeman
Vantage data center
[email protected]
+1-202-680-4243
robin bechtel
Vantage Data Center REQ
[email protected]
+1-202-936-6335
Source: Vantage Data Center