Physical Address
304 North Cardinal St.
Dorchester Center, MA 02124
US Vantage data center has raised 720 million euros (821.4 million) – the first in Europe.
The Securitization transaction (ABS) supported by assets, the first in the history of European data processing activity on the continent, provides four data centers in Germany.
The company said the average will pay a coupon by 4.3% for the bonds issued during the process.
The ABS Vantage raises money using the data infrastructure and future revenues from objects as a collateral.
Vantage said he would use the funds first and foremost to repay existing construction loans that had previously been fixed for objects.
“We believe that the ABS market, in particular, is most suitable for our type of asset that is oriented on real estate, high -quality loan tenants, long -term rent, which is almost perfect for the ABS investor,” said CNBC Shariff Mettyli, Chief Financial CEO of Vantage Centers.
Vantage added that, despite the large borrowed amount, the demand for investors has exceeded the amount collected.
“So, this deal was actually quite high,” said CNBC Rich Cosgray, Senior Vice President Global Capital Markets at the Vantage data center. “It was a higher impact than our previous transaction, and we had some investors who were just not comfortable at this leverage.”
“Nevertheless, despite this, we were mostly two and four times, signing up for appropriate financing, and we managed to pull up prices quite meaningfully through the marketing process,” Kosgra added.
Four objects – two in Berlin and two in Frankfurt – have about 55 megawatts and “fully rented by Hyperscale clients,” the company said. Earlier this year, four objects were estimated at more than $ 1 billion.
Last year, Vantage also raised £ 600 million due to the first in the history of sequuritization of the data center in Europe, the Middle East and Asia (EMEA). Two units from the Cardiff campus of the company of 148 megawatt electricity participated in the transactions. Throughout the region, the company has 2500 megawatts of the data center either operational or in development.
The transaction was headed by Barclays Bank and Deutsche Bank because joint leaders and Vantage was represented by the British law firm Clifford Chance.
