Vantage Data to refinance with construction debt, securitized notes

By Wendy Van Sickle

Columbus, Ohio, Aug. 26 – Vantage Data Centers raised $144 million in project-based construction debt financing from a consortium of banks and will use proceeds, along with proceeds of $548 million in new securitized notes, in part to refinance existing floating-rate credit facilities, according to a news release.

The transactions will significantly reduce interest expense and “fuel the development of data centers across North America,” according to the release.

Vantage Data is a Santa Clara, Calif.-based pure-play wholesale data center developer.

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