Vantage Data Centers Refinances and Upsizes Credit Facility to $275 Million to Fund Continued Expansion
Revolving Credit Facility Increased by over 30% to $275 million
Vantage Data Centers (Vantage), a leading provider of data center solutions, today announced that is has amended and upsized its revolving credit facility from $210 million to $275 million.
“We are pleased to close on this oversubscribed, upsized financing with the strong support of five existing banks and three new lenders,” said Sureel Choksi, President and CEO, Vantage Data Centers. “This financing enables Vantage to continue to support the growth of our customers by pursuing significant expansion in Santa Clara, Quincy, and potential new markets.”
RBC Capital Markets, Bank America Merrill Lynch, KeyBank Capital Markets, SunTrust and Regions Capital Markets served as Joint Lead Arrangers. ING Capital was Managing Agent and RBC Capital Markets served as the Sole Book Running Manager. Royal Bank of Canada was the Administrative Agent. The bank syndicate also includes Barclays and Western Alliance.
Vantage’s campuses in Santa Clara, California, and Quincy, Washington, include four enterprise-grade data centers totaling over 100MW of potential capacity. Vantage’s highly reliable, energy efficient facilities, coupled with advantageous utility costs, provide customers with significant total cost of ownership advantages.
Vantage provides highly scalable, flexible and efficient data center solutions offering unique value through its commitment to exceptional customer service. Operating campuses in Santa Clara, California, and Quincy, Washington, Vantage delivers data center design solutions engineered to meet our customer’s unique requirements in support of the most demanding large enterprises, technology companies and service providers. Vantage is backed by Silver Lake, the global leader in technology investing, with over $20 billion in combined assets under management and committed capital. Additional information on Vantage is available at www.vantagedatacenters.com.
Vantage Data Centers